Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Expands By 7,921.9%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 12,113 shares, an increase of 7,921.9% from the December 15th total of 151 shares. Based on an average daily volume of 6,949 shares, the short-interest ratio is presently 1.7 days. Currently, 3.4% of the shares of the company are sold short. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 6,949 shares, the short-interest ratio is presently 1.7 days.

iShares FinTech Active ETF Price Performance

BPAY stock traded down $0.25 during midday trading on Monday, hitting $27.95. 2,369 shares of the stock traded hands, compared to its average volume of 2,624. The stock’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $31.20. The firm has a market cap of $10.06 million, a P/E ratio of 19.83 and a beta of 1.30. iShares FinTech Active ETF has a 1-year low of $20.66 and a 1-year high of $34.69.

Institutional Trading of iShares FinTech Active ETF

An institutional investor recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. acquired a new position in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.