iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Up 79.0% in January

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 350,962 shares, a growth of 79.0% from the January 15th total of 196,049 shares. Based on an average daily trading volume, of 264,174 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.4% of the shares of the stock are short sold. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 264,174 shares, the days-to-cover ratio is currently 1.3 days.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA:IAT traded down $0.02 during trading on Friday, reaching $59.64. The company had a trading volume of 327,982 shares, compared to its average volume of 261,958. The firm’s fifty day moving average is $57.47 and its 200 day moving average is $53.50. The firm has a market capitalization of $623.24 million, a PE ratio of 12.39 and a beta of 0.96. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $63.04.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IAT. Wells Fargo & Company MN increased its position in shares of iShares U.S. Regional Banks ETF by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 481,700 shares of the company’s stock valued at $26,566,000 after purchasing an additional 16,723 shares during the period. Bank of America Corp DE boosted its stake in iShares U.S. Regional Banks ETF by 7.0% during the third quarter. Bank of America Corp DE now owns 418,007 shares of the company’s stock valued at $21,958,000 after buying an additional 27,502 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares U.S. Regional Banks ETF by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 375,804 shares of the company’s stock worth $19,741,000 after acquiring an additional 15,185 shares during the period. Two Sigma Investments LP grew its holdings in iShares U.S. Regional Banks ETF by 154.3% during the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock worth $10,138,000 after acquiring an additional 117,100 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after acquiring an additional 19,870 shares in the last quarter.

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.