iShares FinTech Active ETF (NYSEARCA:BPAY) Short Interest Up 738.8% in June

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

iShares FinTech Active ETF Price Performance

BPAY opened at $24.52 on Friday. iShares FinTech Active ETF has a 12 month low of $21.33 and a 12 month high of $34.69. The business has a 50-day moving average of $24.48 and a two-hundred day moving average of $24.96. The stock has a market capitalization of $8.83 million, a price-to-earnings ratio of 19.83 and a beta of 1.28.

Institutional Investors Weigh In On iShares FinTech Active ETF

An institutional investor recently raised its position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. raised its stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) by 323.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,663 shares of the company’s stock after purchasing 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 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.