iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Update

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 293 shares, a drop of 94.9% from the July 15th total of 5,789 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,337 shares, the short-interest ratio is currently 0.0 days.

iShares Blockchain and Tech ETF Price Performance

Shares of NYSEARCA IBLC traded up $0.46 during mid-day trading on Tuesday, reaching $42.87. 7,004 shares of the company traded hands, compared to its average volume of 21,576. 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 cap of $79.31 million, a PE ratio of 24.74 and a beta of 3.20. The stock has a fifty day simple moving average of $47.22 and a 200-day simple moving average of $44.88.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Hedge funds have recently modified their holdings of the company. Foguth Wealth Management LLC. raised its stake in shares of iShares Blockchain and Tech ETF by 20.0% in the 1st quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after buying an additional 26,568 shares in the last quarter. Jane Street Group LLC boosted its stake in iShares Blockchain and Tech ETF by 2,193.7% during the fourth quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock valued at $3,776,000 after buying an additional 88,276 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in iShares Blockchain and Tech ETF during the third quarter worth about $2,546,000. Osaic Holdings Inc. grew 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 acquiring an additional 352 shares during the period. Finally, WCG Wealth Advisors LLC grew 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 acquiring an additional 1,199 shares during the period.

iShares Blockchain and Tech ETF Company Profile

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.