iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Up 456.6% in January

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 21,758 shares, an increase of 456.6% from the December 31st total of 3,909 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 34,163 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 34,163 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are sold short.

iShares Blockchain and Tech ETF Trading Up 4.9%

Shares of IBLC stock opened at $47.28 on Wednesday. The company has a market capitalization of $92.20 million, a price-to-earnings ratio of 24.74 and a beta of 3.24. The firm has a 50-day moving average price of $46.05 and a 200 day moving average price of $49.12. iShares Blockchain and Tech ETF has a twelve month low of $21.46 and a twelve month high of $68.77.

Institutional Trading of iShares Blockchain and Tech ETF

A number of hedge funds have recently bought and sold shares of the company. Foguth Wealth Management LLC. purchased a new position in shares of iShares Blockchain and Tech ETF in the 4th quarter worth about $5,856,000. Jane Street Group LLC increased its position in iShares Blockchain and Tech ETF by 585.4% during the 1st quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock worth $1,800,000 after purchasing an additional 62,297 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in iShares Blockchain and Tech ETF during the 3rd quarter worth approximately $2,546,000. Wealth Enhancement Advisory Services LLC purchased a new position in iShares Blockchain and Tech ETF in the third quarter valued at approximately $1,875,000. Finally, Osaic Holdings Inc. lifted its position in iShares Blockchain and Tech ETF by 63.7% during the second quarter. Osaic Holdings Inc. now owns 34,016 shares of the company’s stock valued at $1,336,000 after buying an additional 13,232 shares in the last quarter.

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.