iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Large Decrease in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 905 shares, a drop of 95.8% from the January 15th total of 21,758 shares. Based on an average daily trading volume, of 39,742 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 39,742 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Several large investors have recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Blockchain and Tech ETF during the 2nd quarter worth about $30,000. HHM Wealth Advisors LLC lifted its stake in iShares Blockchain and Tech ETF by 123.8% in the third quarter. HHM Wealth Advisors LLC now owns 593 shares of the company’s stock worth $33,000 after acquiring an additional 328 shares during the period. Strategic Advocates LLC bought a new position in shares of iShares Blockchain and Tech ETF during the third quarter valued at approximately $55,000. Advisory Services Network LLC bought a new stake in iShares Blockchain and Tech ETF during the 3rd quarter valued at $78,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at about $258,000.

iShares Blockchain and Tech ETF Stock Performance

Shares of iShares Blockchain and Tech ETF stock traded down $0.92 during trading hours on Tuesday, hitting $39.76. The company’s stock had a trading volume of 24,813 shares, compared to its average volume of 37,738. iShares Blockchain and Tech ETF has a 12-month low of $21.46 and a 12-month high of $68.77. The business has a 50 day moving average price of $44.89 and a two-hundred day moving average price of $48.93. The company has a market cap of $77.53 million, a PE ratio of 24.74 and a beta of 3.24.

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.