iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Down 68.9% in December

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,909 shares, a decline of 68.9% from the December 15th total of 12,573 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,980 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 44,980 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

iShares Blockchain and Tech ETF Trading Up 1.0%

IBLC traded up $0.45 on Tuesday, hitting $47.22. 27,102 shares of the company’s stock were exchanged, compared to its average volume of 35,347. The firm has a market cap of $92.07 million, a PE ratio of 24.74 and a beta of 3.24. The stock has a fifty day moving average of $47.48 and a two-hundred day moving average of $48.64. iShares Blockchain and Tech ETF has a twelve month low of $21.46 and a twelve month high of $68.77.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in iShares Blockchain and Tech ETF by 585.4% during the first quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock valued at $1,800,000 after buying an additional 62,297 shares in the last quarter. Signal Advisors Wealth LLC raised its position in iShares Blockchain and Tech ETF by 16.5% in the 2nd quarter. Signal Advisors Wealth LLC now owns 61,812 shares of the company’s stock worth $2,427,000 after purchasing an additional 8,751 shares during the last quarter. WMG Financial Advisors LLC bought a new position in iShares Blockchain and Tech ETF in the second quarter valued at about $235,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Blockchain and Tech ETF during the 2nd quarter worth approximately $30,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at approximately $437,000.

About iShares Blockchain and Tech ETF

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.