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

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a significant decline in short interest during the month of 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. Based on an average trading volume of 3,574,520 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter worth about $119,000. Redwood Investment Management LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at approximately $582,000. Imprint Wealth LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the third quarter valued at approximately $296,000. Ameriprise Financial Inc. purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the third quarter valued at approximately $92,637,000. Finally, United Capital Financial Advisors LLC boosted its position in iShares A.I. Innovation and Tech Active ETF by 157.4% during the third quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after acquiring an additional 879,220 shares during the last quarter.

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

Shares of NYSEARCA:BAI opened at $42.78 on Monday. The company has a market capitalization of $13.05 billion, a P/E ratio of 45.43 and a beta of 2.26. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $29.48 and a 52-week high of $54.46. The stock’s fifty day simple moving average is $48.18 and its 200-day simple moving average is $40.73.

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.