Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Increases By 738.8%

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,058 shares, a growth of 738.8% from the May 31st total of 603 shares. Based on an average daily volume of 2,842 shares, the short-interest ratio is presently 1.8 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Trading of iShares FinTech Active ETF

A hedge fund recently raised its position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. raised its holdings in iShares FinTech Active ETF (NYSEARCA:BPAY) by 323.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,663 shares of the company’s stock after acquiring an additional 8,910 shares during the period. Sunbelt Securities Inc. owned 3.24% of iShares FinTech Active ETF worth $317,000 at the end of the most recent reporting period.

iShares FinTech Active ETF Price Performance

Shares of NYSEARCA BPAY opened at $24.52 on Friday. The company has a market cap of $8.83 million, a PE ratio of 19.83 and a beta of 1.28. iShares FinTech Active ETF has a 12 month low of $21.33 and a 12 month high of $34.69. The company has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $24.96.

About iShares FinTech Active ETF

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.