iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Large Increase in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 21,758 shares, an increase of 456.6% from the December 31st total of 3,909 shares. Based on an average daily volume of 34,163 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 34,163 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc purchased a new position in iShares Blockchain and Tech ETF during the second quarter valued at approximately $30,000. HHM Wealth Advisors LLC boosted its stake in shares of iShares Blockchain and Tech ETF by 123.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 593 shares of the company’s stock valued at $33,000 after buying an additional 328 shares during the period. Strategic Advocates LLC purchased a new position in shares of iShares Blockchain and Tech ETF during the 3rd quarter valued at $55,000. Advisory Services Network LLC acquired a new position in shares of iShares Blockchain and Tech ETF in the third quarter worth $78,000. Finally, WMG Financial Advisors LLC purchased a new stake in shares of iShares Blockchain and Tech ETF during the second quarter worth $235,000.

iShares Blockchain and Tech ETF Stock Performance

Shares of NYSEARCA IBLC opened at $47.28 on Wednesday. iShares Blockchain and Tech ETF has a 1 year low of $21.46 and a 1 year high of $68.77. The firm has a market cap of $92.20 million, a P/E ratio of 24.74 and a beta of 3.24. The stock has a fifty day moving average price of $46.05 and a two-hundred day moving average price of $49.12.

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.