iShares FinTech Active ETF (NYSEARCA:BPAY) Sees Large Decline in Short Interest

iShares FinTech Active ETF (NYSEARCA:BPAY) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,160 shares, a decrease of 82.6% from the January 29th total of 12,438 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 2,973 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 2,973 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

iShares FinTech Active ETF Stock Up 2.7%

Shares of NYSEARCA:BPAY traded up $0.63 during trading on Thursday, hitting $24.07. 175 shares of the stock traded hands, compared to its average volume of 3,210. The company has a fifty day moving average price of $26.25 and a two-hundred day moving average price of $29.50. The company has a market cap of $8.66 million, a price-to-earnings ratio of 19.83 and a beta of 1.30. iShares FinTech Active ETF has a 52-week low of $20.66 and a 52-week high of $34.69.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. boosted its holdings in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) by 323.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,663 shares of the company’s stock after buying an additional 8,910 shares during the quarter. Sunbelt Securities Inc. owned 3.24% of iShares FinTech Active ETF worth $317,000 as of its most recent SEC filing.

iShares FinTech Active ETF Company Profile

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.