iShares FinTech Active ETF (NYSEARCA:BPAY) Sees Significant Growth in Short Interest

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 5,058 shares, a growth of 738.8% from the May 31st total of 603 shares. Based on an average daily trading volume, of 2,842 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares FinTech Active ETF

A hedge fund recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned 0.76% of iShares FinTech Active ETF as of its most recent filing with the Securities and Exchange Commission.

iShares FinTech Active ETF Price Performance

Shares of iShares FinTech Active ETF stock traded up $0.88 on Friday, hitting $25.40. The company had a trading volume of 384 shares, compared to its average volume of 1,995. The business has a 50-day simple moving average of $24.49 and a 200-day simple moving average of $24.96. The company has a market cap of $9.14 million, a PE ratio of 19.83 and a beta of 1.28. iShares FinTech Active ETF has a 52 week low of $21.33 and a 52 week high of $34.69.

iShares FinTech Active ETF Company Profile

The BlackRock Future Financial and Technology ETF (BPAY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global companies involved in innovative technologies used and applied in financial services. BPAY was launched on Aug 16, 2022 and is managed by BlackRock.