Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Decreases By 84.9%

iShares FinTech Active ETF (NYSEARCA:BPAY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 169 shares, a drop of 84.9% from the March 31st total of 1,117 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,664 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of iShares FinTech Active ETF

A hedge fund recently bought a new stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. bought a new stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned 0.76% of iShares FinTech Active ETF at the end of the most recent quarter.

iShares FinTech Active ETF Stock Performance

BPAY remained flat at $24.37 on Friday. The company had a trading volume of 1,779 shares, compared to its average volume of 2,319. The firm has a 50 day simple moving average of $23.33 and a 200 day simple moving average of $26.74. The company has a market capitalization of $8.77 million, a price-to-earnings ratio of 19.83 and a beta of 1.31. iShares FinTech Active ETF has a 52 week low of $21.33 and a 52 week high of $34.69.

About iShares FinTech Active ETF

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.