Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Drops By 23.7%

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 9,243 shares, a decrease of 23.7% from the December 31st total of 12,113 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average trading volume of 2,338 shares, the days-to-cover ratio is currently 4.0 days. Based on an average trading volume of 2,338 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.6% of the company’s shares are short sold.

Institutional Trading of iShares FinTech Active ETF

A hedge fund recently bought a new stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

iShares FinTech Active ETF Stock Down 2.2%

Shares of NYSEARCA:BPAY traded down $0.58 during midday trading on Friday, reaching $25.69. The company’s stock had a trading volume of 2,178 shares, compared to its average volume of 3,094. The firm has a 50 day moving average of $27.97 and a 200-day moving average of $30.63. The firm has a market capitalization of $9.25 million, a P/E ratio of 19.83 and a beta of 1.30. iShares FinTech Active ETF has a 12-month low of $20.66 and a 12-month high of $34.69.

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.