Short Interest in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Increases By 253.9%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,037 shares, an increase of 253.9% from the July 30th total of 293 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 9,120 shares, the short-interest ratio is presently 0.1 days.

iShares Blockchain and Tech ETF Stock Down 2.0%

NYSEARCA IBLC opened at $46.42 on Thursday. The company has a market cap of $85.88 million, a price-to-earnings ratio of 24.74 and a beta of 3.20. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77. The business’s fifty day moving average is $45.73 and its 200 day moving average is $44.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBLC. Arax Advisory Partners acquired a new position in shares of iShares Blockchain and Tech ETF in the 4th quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in iShares Blockchain and Tech ETF in the third quarter worth approximately $78,000. Commonwealth Equity Services LLC acquired a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at about $238,000. Acorn Wealth Advisors LLC bought a new stake in iShares Blockchain and Tech ETF during the second quarter worth $250,000. Finally, Flputnam Investment Management Co. purchased a new stake in iShares Blockchain and Tech ETF in the 4th quarter valued at about $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.