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

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,789 shares, a decrease of 67.2% from the June 30th total of 17,632 shares. Based on an average daily volume of 16,931 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A number of institutional investors have recently modified their holdings of IBLC. Foguth Wealth Management LLC. raised 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 buying an additional 26,568 shares during the period. Jane Street Group LLC grew its position in iShares Blockchain and Tech ETF by 2,193.7% in the 4th quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock valued at $3,776,000 after acquiring an additional 88,276 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in iShares Blockchain and Tech ETF in the 3rd quarter valued at about $2,546,000. Wealth Enhancement Advisory Services LLC increased its stake in iShares Blockchain and Tech ETF by 21.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,198 shares of the company’s stock worth $1,685,000 after purchasing an additional 7,343 shares during the period. Finally, Osaic Holdings Inc. increased its stake in iShares Blockchain and Tech ETF by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock worth $1,345,000 after purchasing an additional 352 shares during the period.

iShares Blockchain and Tech ETF Trading Down 3.0%

iShares Blockchain and Tech ETF stock traded down $1.35 during mid-day trading on Tuesday, hitting $42.93. The company’s stock had a trading volume of 17,667 shares, compared to its average volume of 22,393. The stock’s fifty day moving average is $49.39 and its two-hundred day moving average is $45.14. The firm has a market capitalization of $79.42 million, a PE 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 $68.77.

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.