iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Short Interest Update

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,207,194 shares, a decrease of 66.3% from the July 30th total of 3,578,557 shares. Based on an average trading volume of 3,026,608 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $119,000. Redwood Investment Management LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth about $582,000. Imprint Wealth LLC purchased a new position in iShares A.I. Innovation and Tech Active ETF during the 3rd quarter valued at about $296,000. Ameriprise Financial Inc. acquired a new position in iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at about $92,637,000. Finally, United Capital Financial Advisors LLC grew its position in iShares A.I. Innovation and Tech Active ETF by 157.4% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock valued at $49,112,000 after acquiring an additional 879,220 shares in the last quarter.

iShares A.I. Innovation and Tech Active ETF Price Performance

Shares of NYSEARCA:BAI traded down $1.08 during mid-day trading on Friday, reaching $44.12. 1,986,423 shares of the company were exchanged, compared to its average volume of 3,141,056. iShares A.I. Innovation and Tech Active ETF has a 1 year low of $30.36 and a 1 year high of $54.46. The firm’s 50-day simple moving average is $45.76 and its 200 day simple moving average is $42.32. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 45.43 and a beta of 2.37.

About iShares A.I. Innovation and Tech Active ETF

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.