iShares FinTech Active ETF (NYSEARCA:BPAY) Sees Significant Decrease in Short Interest

iShares FinTech Active ETF (NYSEARCA:BPAY) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,894 shares, a drop of 12.3% from the February 12th total of 2,160 shares. Based on an average trading volume of 3,197 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 3,197 shares, the short-interest ratio is presently 0.6 days.

iShares FinTech Active ETF Trading Down 2.6%

Shares of BPAY opened at $22.40 on Thursday. iShares FinTech Active ETF has a 12-month low of $20.66 and a 12-month high of $34.69. The company has a market cap of $8.06 million, a PE ratio of 19.83 and a beta of 1.30. The stock has a 50-day moving average price of $24.92 and a 200-day moving average price of $28.48.

Institutional Investors Weigh In On iShares FinTech Active ETF

A hedge fund recently raised its stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. lifted its position in iShares FinTech Active ETF (NYSEARCA:BPAY) by 323.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,663 shares of the company’s stock after purchasing an additional 8,910 shares during the quarter. Sunbelt Securities Inc. owned 3.24% of iShares FinTech Active ETF worth $317,000 at the end of the most recent quarter.

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.