iShares FinTech Active ETF (NYSEARCA:BPAY) Sees Significant Growth in Short Interest

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 12,113 shares, an increase of 7,921.9% from the December 15th total of 151 shares. Based on an average daily trading volume, of 6,949 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.4% of the shares of the stock are short sold. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,949 shares, the days-to-cover ratio is presently 1.7 days.

iShares FinTech Active ETF Stock Down 1.7%

Shares of NYSEARCA BPAY opened at $27.48 on Wednesday. iShares FinTech Active ETF has a 12-month low of $20.66 and a 12-month high of $34.69. The firm’s 50-day simple moving average is $28.47 and its 200 day simple moving average is $31.14. The company has a market cap of $9.89 million, a price-to-earnings ratio of 19.83 and a beta of 1.30.

Hedge Funds Weigh In On iShares FinTech Active ETF

An institutional investor recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. bought a new stake in iShares FinTech Active ETF (NYSEARCA:BPAY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned 0.76% of iShares FinTech Active ETF at the end of the most recent quarter.

About iShares FinTech Active ETF

The BlackRock Future Financial and Technology ETF (BPAY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global companies involved in innovative technologies used and applied in financial services. BPAY was launched on Aug 16, 2022 and is managed by BlackRock.