iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Update

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 5,789 shares, a decline of 67.2% from the June 30th total of 17,632 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 16,931 shares, the short-interest ratio is presently 0.3 days.

iShares Blockchain and Tech ETF Stock Down 4.1%

Shares of iShares Blockchain and Tech ETF stock opened at $44.27 on Friday. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77. The stock has a market cap of $81.90 million, a price-to-earnings ratio of 24.74 and a beta of 3.19. The company’s fifty day moving average is $49.48 and its 200 day moving average is $45.16.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in shares of iShares Blockchain and Tech ETF by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock worth $1,345,000 after acquiring an additional 352 shares during the last quarter. Arax Advisory Partners bought a new stake in iShares Blockchain and Tech ETF in the fourth quarter valued at approximately $31,000. WCG Wealth Advisors LLC increased its position in iShares Blockchain and Tech ETF by 5.3% during the 3rd quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,199 shares during the period. Advisory Services Network LLC acquired a new stake in iShares Blockchain and Tech ETF during the 3rd quarter valued at approximately $78,000. Finally, MML Investors Services LLC increased its position in iShares Blockchain and Tech ETF by 75.0% during the 4th quarter. MML Investors Services LLC now owns 9,023 shares of the company’s stock valued at $369,000 after purchasing an additional 3,867 shares during the period.

iShares Blockchain and Tech ETF Company Profile

The iShares Blockchain and Tech ETF (IBLC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that are involved in the development, innovation, and utilisation of blockchain and crypto technologies. Constituents are selected based on their total revenue related to the target theme, and are weighted based on free-float market cap. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.