Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Increases By 34.6%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 12,438 shares, a growth of 34.6% from the January 15th total of 9,243 shares. Based on an average daily volume of 3,926 shares, the short-interest ratio is currently 3.2 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 3,926 shares, the short-interest ratio is currently 3.2 days.

iShares FinTech Active ETF Price Performance

Shares of BPAY opened at $23.53 on Tuesday. iShares FinTech Active ETF has a 1 year low of $20.66 and a 1 year high of $34.69. The stock has a 50 day simple moving average of $26.97 and a two-hundred day simple moving average of $29.91. The firm has a market cap of $8.47 million, a P/E ratio of 19.83 and a beta of 1.30.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. purchased a new position in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned about 0.76% of iShares FinTech Active ETF at the end of the most recent reporting period.

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.