iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Update

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 182,981 shares, a drop of 16.1% from the February 26th total of 218,114 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 429,934 shares, the days-to-cover ratio is presently 0.4 days.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA IAT opened at $52.13 on Monday. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 and a 1-year high of $63.04. The company has a 50-day moving average of $56.92 and a two-hundred day moving average of $54.25. The company has a market cap of $544.76 million, a PE ratio of 12.39 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC acquired a new position in iShares U.S. Regional Banks ETF during the 4th quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at $25,000. Register Financial Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth $39,000. Kestra Advisory Services LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth $41,000. Finally, SHP Wealth Management acquired a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at $43,000.

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.