Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Increases By 738.8%

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,058 shares, an increase of 738.8% from the May 31st total of 603 shares. Based on an average daily trading volume, of 2,842 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.4% of the shares of the stock are short sold.

iShares FinTech Active ETF Stock Up 3.6%

Shares of NYSEARCA:BPAY opened at $25.40 on Friday. iShares FinTech Active ETF has a 12 month low of $21.33 and a 12 month high of $34.69. The company’s 50-day moving average price is $24.49 and its two-hundred day moving average price is $24.96. The firm has a market cap of $9.14 million, a P/E ratio of 19.83 and a beta of 1.28.

Hedge Funds Weigh In On iShares FinTech Active ETF

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

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.