iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Up 1,829.0% in February

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 17,457 shares, a growth of 1,829.0% from the January 29th total of 905 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 37,975 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 37,975 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its holdings in shares of iShares Blockchain and Tech ETF by 63.7% during the second quarter. Osaic Holdings Inc. now owns 34,016 shares of the company’s stock valued at $1,336,000 after purchasing an additional 13,232 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in iShares Blockchain and Tech ETF in the 3rd quarter worth about $1,875,000. B. Riley Wealth Advisors Inc. raised its holdings in iShares Blockchain and Tech ETF by 2.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,403 shares of the company’s stock worth $632,000 after buying an additional 266 shares during the period. Strategic Advocates LLC purchased a new stake in iShares Blockchain and Tech ETF during the third quarter valued at about $55,000. Finally, Foguth Wealth Management LLC. purchased a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at about $5,856,000.

iShares Blockchain and Tech ETF Stock Up 4.4%

NYSEARCA:IBLC traded up $1.72 during trading hours on Wednesday, reaching $40.65. 20,290 shares of the company’s stock were exchanged, compared to its average volume of 33,792. The company has a market capitalization of $79.27 million, a P/E ratio of 24.74 and a beta of 3.24. iShares Blockchain and Tech ETF has a 12 month low of $21.46 and a 12 month high of $68.77. The business’s 50-day simple moving average is $42.77 and its two-hundred day simple moving average is $48.73.

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.