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

iShares U.S. Insurance ETF (NYSEARCA:IAK) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 72,785 shares, a decrease of 48.1% from the September 30th total of 140,336 shares. Based on an average daily volume of 63,113 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.4% of the company’s shares are short sold.

iShares U.S. Insurance ETF Stock Performance

IAK traded up $0.33 during trading on Friday, hitting $148.83. 124,493 shares of the stock were exchanged, compared to its average volume of 88,350. The firm has a 50 day simple moving average of $143.13 and a 200 day simple moving average of $137.70. The firm has a market cap of $453.93 million, a price-to-earnings ratio of 14.11 and a beta of 0.50. iShares U.S. Insurance ETF has a 1 year low of $124.62 and a 1 year high of $152.38.

Hedge Funds Weigh In On iShares U.S. Insurance ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Insurance ETF by 100.1% in 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. Baird Financial Group Inc. lifted its stake in iShares U.S. Insurance ETF by 0.4% in the second quarter. Baird Financial Group Inc. now owns 20,523 shares of the company’s stock worth $2,885,000 after acquiring an additional 79 shares during the period. Northstar Financial Companies Inc. grew its holdings in iShares U.S. Insurance ETF by 107.3% during the 1st quarter. Northstar Financial Companies Inc. now owns 14,286 shares of the company’s stock worth $1,833,000 after acquiring an additional 7,393 shares in the last quarter. D.A. Davidson & CO. bought a new position in iShares U.S. Insurance ETF during the 3rd quarter worth about $1,149,000. Finally, Arkadios Wealth Advisors grew its holdings in iShares U.S. Insurance ETF by 4.8% during the 1st quarter. Arkadios Wealth Advisors now owns 7,638 shares of the company’s stock worth $980,000 after acquiring an additional 349 shares in the last quarter.

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.