iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Up 253.9% in August

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,037 shares, a growth of 253.9% from the July 30th total of 293 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,120 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares Blockchain and Tech ETF

Institutional investors have recently added to or reduced their stakes in the stock. Foguth Wealth Management LLC. boosted its stake in shares of iShares Blockchain and Tech ETF by 20.0% during the 1st quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after acquiring an additional 26,568 shares in the last quarter. Jane Street Group LLC increased its stake in iShares Blockchain and Tech ETF by 2,193.7% in the 4th quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock valued at $3,776,000 after purchasing an additional 88,276 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in iShares Blockchain and Tech ETF in the 3rd quarter valued at approximately $2,546,000. Osaic Holdings Inc. raised its holdings in iShares Blockchain and Tech ETF by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock worth $1,345,000 after purchasing an additional 352 shares during the last quarter. Finally, WCG Wealth Advisors LLC raised its holdings in iShares Blockchain and Tech ETF by 5.3% during the third quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,199 shares during the last quarter.

iShares Blockchain and Tech ETF Stock Performance

iShares Blockchain and Tech ETF stock traded down $3.05 during midday trading on Friday, reaching $44.73. The company’s stock had a trading volume of 17,241 shares, compared to its average volume of 20,879. iShares Blockchain and Tech ETF has a fifty-two week low of $33.88 and a fifty-two week high of $68.77. The firm has a market capitalization of $82.75 million, a PE ratio of 24.74 and a beta of 3.20. The stock’s 50 day simple moving average is $45.62 and its 200 day simple moving average is $45.06.

About iShares Blockchain and Tech ETF

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.