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

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 905 shares, a decline of 95.8% from the January 15th total of 21,758 shares. Based on an average daily trading volume, of 39,742 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 39,742 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A number of hedge funds have recently modified their holdings of IBLC. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at approximately $30,000. HHM Wealth Advisors LLC boosted its holdings in shares of iShares Blockchain and Tech ETF by 123.8% in the third quarter. HHM Wealth Advisors LLC now owns 593 shares of the company’s stock valued at $33,000 after buying an additional 328 shares during the period. Strategic Advocates LLC bought a new stake in shares of iShares Blockchain and Tech ETF during the third quarter worth $55,000. Advisory Services Network LLC bought a new stake in shares of iShares Blockchain and Tech ETF during the third quarter worth $78,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of iShares Blockchain and Tech ETF during the fourth quarter worth $238,000.

iShares Blockchain and Tech ETF Stock Down 3.1%

iShares Blockchain and Tech ETF stock traded down $1.18 during mid-day trading on Thursday, hitting $37.48. 43,284 shares of the company’s stock were exchanged, compared to its average volume of 37,699. The company’s 50 day simple moving average is $44.39 and its 200-day simple moving average is $48.78. The firm has a market capitalization of $73.09 million, a P/E ratio of 24.74 and a beta of 3.24. iShares Blockchain and Tech ETF has a fifty-two week low of $21.46 and a fifty-two week high of $68.77.

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.