Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Decreases By 58.1%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 476,479 shares, a decline of 58.1% from the June 30th total of 1,138,152 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,574,520 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares A.I. Innovation and Tech Active ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF in the 1st quarter worth approximately $32,000. Nemes Rush Group LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 531.6% during the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock valued at $37,000 after acquiring an additional 925 shares during the last quarter. Wells Financial Advisors INC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 87.0% in the second quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock valued at $60,000 after acquiring an additional 531 shares in the last quarter. Bayban purchased a new position in iShares A.I. Innovation and Tech Active ETF in the fourth quarter worth $38,000. Finally, Team Financial Group LLC grew its holdings in iShares A.I. Innovation and Tech Active ETF by 52.7% in the first quarter. Team Financial Group LLC now owns 1,472 shares of the company’s stock worth $48,000 after purchasing an additional 508 shares during the last quarter.

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

Shares of BAI stock traded down $0.94 during mid-day trading on Wednesday, hitting $38.81. The stock had a trading volume of 4,248,351 shares, compared to its average volume of 3,157,996. iShares A.I. Innovation and Tech Active ETF has a 12-month low of $29.48 and a 12-month high of $54.46. The firm’s 50-day moving average is $48.01 and its two-hundred day moving average is $40.82. The firm has a market capitalization of $11.84 billion, a P/E ratio of 45.43 and a beta of 2.26.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.