Short Interest in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Declines By 67.2%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,789 shares, a decrease of 67.2% from the June 30th total of 17,632 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 16,931 shares, the short-interest ratio is currently 0.3 days.

iShares Blockchain and Tech ETF Trading Up 0.0%

NYSEARCA IBLC traded up $0.01 during trading on Monday, reaching $44.28. 9,677 shares of the company’s stock were exchanged, compared to its average volume of 22,428. iShares Blockchain and Tech ETF has a fifty-two week low of $33.88 and a fifty-two week high of $68.77. The company’s fifty day simple moving average is $49.48 and its 200-day simple moving average is $45.15. The firm has a market capitalization of $81.92 million, a PE ratio of 24.74 and a beta of 3.19.

Institutional Trading of iShares Blockchain and Tech ETF

Several institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners acquired a new position in iShares Blockchain and Tech ETF in the 4th quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new stake in shares of iShares Blockchain and Tech ETF during the 3rd quarter valued at $78,000. Commonwealth Equity Services LLC purchased a new position in shares of iShares Blockchain and Tech ETF during the 4th quarter valued at $238,000. Sound Income Strategies LLC acquired a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter worth $258,000. Finally, Flputnam Investment Management Co. acquired a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter worth $264,000.

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.