iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Shares Shorted: Short Interest Down 71.4% in September

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,000 shares, a decrease of 71.4% from the September 15th total of 3,498 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,073 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Foguth Wealth Management LLC. increased its position in iShares Blockchain and Tech ETF by 20.0% in the first quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after buying an additional 26,568 shares during the period. James Investment Research Inc. bought a new stake in iShares Blockchain and Tech ETF in the first quarter valued at $423,000. Acorn Wealth Advisors LLC bought a new stake in iShares Blockchain and Tech ETF in the second quarter valued at $250,000. Finally, GK Wealth Management LLC acquired a new position in shares of iShares Blockchain and Tech ETF during the third quarter valued at $29,000.

iShares Blockchain and Tech ETF Stock Performance

Shares of iShares Blockchain and Tech ETF stock traded down $0.72 on Monday, reaching $42.86. 18,693 shares of the company were exchanged, compared to its average volume of 19,563. The company’s 50-day moving average is $45.92 and its two-hundred day moving average is $46.57. The firm has a market cap of $77.15 million, a price-to-earnings ratio of 24.74 and a beta of 3.19. iShares Blockchain and Tech ETF has a 1-year low of $33.88 and a 1-year high of $67.48.

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.