Short Interest in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Drops By 16.1%

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 182,981 shares, a decrease of 16.1% from the February 26th total of 218,114 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 429,934 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IAT. NewEdge Advisors LLC lifted its stake in iShares U.S. Regional Banks ETF by 6.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after purchasing an additional 475 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in iShares U.S. Regional Banks ETF by 11.6% during the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock valued at $8,895,000 after purchasing an additional 19,870 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Regional Banks ETF by 0.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 360,619 shares of the company’s stock valued at $17,869,000 after acquiring an additional 1,941 shares during the last quarter. Bare Financial Services Inc increased its stake in iShares U.S. Regional Banks ETF by 4.0% during the second quarter. Bare Financial Services Inc now owns 8,758 shares of the company’s stock worth $434,000 after acquiring an additional 340 shares during the last quarter. Finally, Kilter Group LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at approximately $41,000.

iShares U.S. Regional Banks ETF Price Performance

Shares of IAT stock traded up $0.98 on Tuesday, hitting $53.17. 96,932 shares of the stock traded hands, compared to its average volume of 347,800. iShares U.S. Regional Banks ETF has a 52 week low of $38.30 and a 52 week high of $63.04. The firm has a 50 day simple moving average of $56.82 and a two-hundred day simple moving average of $54.24. The firm has a market cap of $555.63 million, a price-to-earnings ratio of 12.39 and a beta of 0.96.

About iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.