iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,632 shares, an increase of 532.2% from the June 15th total of 2,789 shares. Based on an average trading volume of 14,088 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the shares of the stock are sold short.
iShares Blockchain and Tech ETF Trading Down 0.7%
NYSEARCA IBLC traded down $0.32 during midday trading on Friday, hitting $46.14. The company had a trading volume of 4,063 shares, compared to its average volume of 23,542. The company has a market capitalization of $85.36 million, a PE ratio of 24.74 and a beta of 3.19. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77. The firm has a 50-day moving average price of $50.83 and a 200-day moving average price of $45.02.
Institutional Investors Weigh In On iShares Blockchain and Tech ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in iShares Blockchain and Tech ETF by 585.4% during the first quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock worth $1,800,000 after buying an additional 62,297 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at approximately $437,000. WCG Wealth Advisors LLC lifted its holdings in shares of iShares Blockchain and Tech ETF by 5.3% during the 3rd quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock worth $1,324,000 after acquiring an additional 1,199 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of iShares Blockchain and Tech ETF during the 3rd quarter worth approximately $2,546,000. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares Blockchain and Tech ETF during the 3rd quarter worth approximately $78,000.
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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