Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Rises By 100.0%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 338 shares, a growth of 100.0% from the April 15th total of 169 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,321 shares, the days-to-cover ratio is currently 0.3 days.

iShares FinTech Active ETF Stock Performance

Shares of NYSEARCA:BPAY traded down $0.49 during trading hours on Friday, hitting $23.94. The stock had a trading volume of 707 shares, compared to its average volume of 2,083. The stock’s fifty day simple moving average is $23.51 and its 200 day simple moving average is $26.02. iShares FinTech Active ETF has a 1-year low of $21.33 and a 1-year high of $34.69. The firm has a market capitalization of $8.62 million, a price-to-earnings ratio of 19.83 and a beta of 1.29.

Institutional Investors Weigh In On iShares FinTech Active ETF

An institutional investor recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 reporting period.

iShares FinTech Active ETF Company Profile

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.