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

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 3,498 shares, a growth of 164.2% from the August 31st total of 1,324 shares. Based on an average daily trading volume, of 18,918 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

Several large investors have recently added to or reduced their stakes in the stock. Acorn Wealth Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF during the second quarter valued at approximately $250,000. Flputnam Investment Management Co. purchased a new position in shares of iShares Blockchain and Tech ETF in the 4th quarter worth approximately $264,000. James Investment Research Inc. purchased a new position in shares of iShares Blockchain and Tech ETF in the 1st quarter worth approximately $423,000. Vise Technologies Inc. bought a new position in shares of iShares Blockchain and Tech ETF during the 4th quarter valued at approximately $657,000. Finally, Foguth Wealth Management LLC. increased its position in shares of iShares Blockchain and Tech ETF by 20.0% during 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.

iShares Blockchain and Tech ETF Price Performance

Shares of iShares Blockchain and Tech ETF stock traded down $1.52 during trading hours on Monday, reaching $47.08. The company’s stock had a trading volume of 22,856 shares, compared to its average volume of 20,219. The firm has a 50 day moving average price of $45.72 and a 200-day moving average price of $46.27. The stock has a market cap of $84.74 million, a P/E ratio of 24.74 and a beta of 3.20. iShares Blockchain and Tech ETF has a one year low of $33.88 and a one year high of $68.77.

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.