iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Significant Increase in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,789 shares, an increase of 493.4% from the May 31st total of 470 shares. Based on an average daily trading volume, of 22,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of iShares Blockchain and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foguth Wealth Management LLC. lifted its holdings in shares of iShares Blockchain and Tech ETF by 20.0% in the 1st quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock valued at $5,823,000 after purchasing an additional 26,568 shares during the last quarter. Jane Street Group LLC increased its position in iShares Blockchain and Tech ETF by 2,193.7% during the fourth quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock worth $3,776,000 after buying an additional 88,276 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in iShares Blockchain and Tech ETF during the third quarter worth approximately $2,546,000. Wealth Enhancement Advisory Services LLC lifted its stake in iShares Blockchain and Tech ETF by 21.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,198 shares of the company’s stock valued at $1,685,000 after buying an additional 7,343 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in iShares Blockchain and Tech ETF by 1.1% in the fourth quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock valued at $1,345,000 after buying an additional 352 shares during the last quarter.

iShares Blockchain and Tech ETF Trading Up 1.0%

Shares of NYSEARCA IBLC traded up $0.47 during mid-day trading on Friday, reaching $49.01. The company had a trading volume of 6,771 shares, compared to its average volume of 24,020. The firm has a 50 day simple moving average of $50.50 and a two-hundred day simple moving average of $44.98. iShares Blockchain and Tech ETF has a 52-week low of $33.88 and a 52-week high of $68.77. The stock has a market cap of $90.67 million, a P/E ratio of 24.74 and a beta of 3.16.

About iShares Blockchain and Tech ETF

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.