iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Short Interest Report for September

iShares U.S. Insurance ETF (NYSEARCA:IAK) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 140,336 shares, a growth of 80.9% from the September 15th total of 77,577 shares. Based on an average trading volume of 69,845 shares, the days-to-cover ratio is currently 2.0 days. Approximately 4.6% of the company’s shares are sold short.

Institutional Trading of iShares U.S. Insurance ETF

Several institutional investors and hedge funds have recently made changes to their positions in IAK. Cetera Investment Advisers raised its stake in shares of iShares U.S. Insurance ETF by 100.1% during the first quarter. Cetera Investment Advisers now owns 20,725 shares of the company’s stock valued at $2,659,000 after acquiring an additional 10,366 shares in the last quarter. Northstar Financial Companies Inc. boosted its position in iShares U.S. Insurance ETF by 107.3% during the first quarter. Northstar Financial Companies Inc. now owns 14,286 shares of the company’s stock valued at $1,833,000 after purchasing an additional 7,393 shares in the last quarter. Trust Co. of Vermont purchased a new position in iShares U.S. Insurance ETF in the second quarter valued at about $35,000. Arkadios Wealth Advisors raised its holdings in iShares U.S. Insurance ETF by 4.8% in the first quarter. Arkadios Wealth Advisors now owns 7,638 shares of the company’s stock worth $980,000 after purchasing an additional 349 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in iShares U.S. Insurance ETF in the first quarter worth about $307,000.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA:IAK opened at $142.08 on Thursday. The stock’s fifty day moving average is $142.86 and its 200 day moving average is $138.74. The firm has a market capitalization of $433.34 million, a PE ratio of 14.11 and a beta of 0.50. iShares U.S. Insurance ETF has a fifty-two week low of $124.62 and a fifty-two week high of $152.38.

iShares U.S. Insurance ETF Company Profile

The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.