iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Up 253.9% in August

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,037 shares, an increase of 253.9% from the July 30th total of 293 shares. Based on an average trading volume of 9,120 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

iShares Blockchain and Tech ETF Stock Down 2.0%

NYSEARCA IBLC opened at $46.42 on Thursday. The company’s 50 day moving average is $45.73 and its 200-day moving average is $44.99. iShares Blockchain and Tech ETF has a 12-month low of $33.88 and a 12-month high of $68.77. The firm has a market cap of $85.88 million, a P/E ratio of 24.74 and a beta of 3.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arax Advisory Partners bought a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at $31,000. Advisory Services Network LLC bought a new position in iShares Blockchain and Tech ETF during the third quarter valued at approximately $78,000. Acorn Wealth Advisors LLC bought a new position in shares of iShares Blockchain and Tech ETF during the 2nd quarter valued at $250,000. Commonwealth Equity Services LLC purchased a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter worth about $238,000. Finally, Flputnam Investment Management Co. purchased a new position in iShares Blockchain and Tech ETF in the 4th quarter worth approximately $264,000.

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.