iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,498 shares, an increase of 164.2% from the August 31st total of 1,324 shares. Based on an average trading volume of 18,918 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Trading of iShares Blockchain and Tech ETF
A number of institutional investors have recently made changes to their positions in IBLC. Vise Technologies Inc. bought a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter worth approximately $657,000. James Investment Research Inc. bought a new stake in iShares Blockchain and Tech ETF during the 1st quarter valued at $423,000. Foguth Wealth Management LLC. raised its holdings in 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 buying an additional 26,568 shares during the last quarter. Acorn Wealth Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF during the 2nd quarter valued at $250,000. Finally, Flputnam Investment Management Co. purchased a new stake in iShares Blockchain and Tech ETF during the 4th quarter valued at $264,000.
iShares Blockchain and Tech ETF Price Performance
Shares of IBLC stock opened at $48.60 on Friday. The business has a 50-day moving average of $45.72 and a 200 day moving average of $46.23. iShares Blockchain and Tech ETF has a 1-year low of $33.88 and a 1-year high of $68.77. The stock has a market capitalization of $87.48 million, a PE ratio of 24.74 and a beta of 3.20.
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.
See Also
- Five stocks we like better than iShares Blockchain and Tech ETF
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for iShares Blockchain and Tech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Blockchain and Tech ETF and related companies with MarketBeat.com's FREE daily email newsletter.
