iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,000 shares, a drop of 71.4% from the September 15th total of 3,498 shares. Based on an average trading volume of 10,073 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Investors Weigh In On iShares Blockchain and Tech ETF
Large investors have recently made changes to their positions in the company. GK Wealth Management LLC bought a new stake in iShares Blockchain and Tech ETF during the 3rd quarter worth approximately $29,000. Acorn Wealth Advisors LLC bought a new position in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at $250,000. Foguth Wealth Management LLC. boosted its stake in shares of iShares Blockchain and Tech ETF by 20.0% during the first 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 in the last quarter. Finally, James Investment Research Inc. bought a new stake in iShares Blockchain and Tech ETF during the 1st quarter worth approximately $423,000.
iShares Blockchain and Tech ETF Trading Down 0.3%
Shares of NYSEARCA IBLC traded down $0.14 on Tuesday, reaching $42.72. 6,009 shares of the company traded hands, compared to its average volume of 19,494. The stock has a market capitalization of $76.90 million, a PE ratio of 24.74 and a beta of 3.19. iShares Blockchain and Tech ETF has a fifty-two week low of $33.88 and a fifty-two week high of $67.48. The company has a 50 day moving average of $45.88 and a 200 day moving average of $46.60.
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.
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