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

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

iShares Blockchain and Tech ETF Trading Down 6.3%

NYSEARCA:IBLC opened at $44.78 on Friday. The firm has a market cap of $82.84 million, a P/E ratio of 24.74 and a beta of 3.20. The stock’s 50 day simple moving average is $45.44 and its 200-day simple moving average is $45.05. iShares Blockchain and Tech ETF has a 12-month low of $33.88 and a 12-month high of $68.77.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IBLC. Jane Street Group LLC increased its stake in iShares Blockchain and Tech ETF by 585.4% in the 1st quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock valued at $1,800,000 after buying an additional 62,297 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares Blockchain and Tech ETF in the 2nd quarter worth $437,000. WCG Wealth Advisors LLC lifted its stake in shares of iShares Blockchain and Tech ETF by 5.3% in the 3rd quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock worth $1,324,000 after acquiring an additional 1,199 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at about $2,546,000. Finally, Advisory Services Network LLC purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at about $78,000.

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.