Short Interest in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Increases By 79.0%
by Amy Steele · The Cerbat GemiShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 350,962 shares, a growth of 79.0% from the January 15th total of 196,049 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 264,174 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 264,174 shares, the short-interest ratio is currently 1.3 days. Approximately 3.4% of the shares of the company are sold short.
iShares U.S. Regional Banks ETF Price Performance
Shares of IAT stock traded down $0.02 during midday trading on Friday, hitting $59.64. The company had a trading volume of 327,982 shares, compared to its average volume of 261,958. The company’s 50 day simple moving average is $57.47 and its 200 day simple moving average is $53.50. iShares U.S. Regional Banks ETF has a 52-week low of $38.30 and a 52-week high of $63.04. The stock has a market cap of $623.24 million, a price-to-earnings ratio of 12.39 and a beta of 0.96.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. MAI Capital Management increased its stake in iShares U.S. Regional Banks ETF by 20.0% in the 3rd quarter. MAI Capital Management now owns 1,200 shares of the company’s stock valued at $63,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,620 shares of the company’s stock valued at $179,000 after acquiring an additional 208 shares in the last quarter. Stifel Financial Corp increased its stake in shares of iShares U.S. Regional Banks ETF by 1.5% during the fourth quarter. Stifel Financial Corp now owns 15,755 shares of the company’s stock worth $869,000 after acquiring an additional 240 shares during the period. Blair William & Co. IL raised its holdings in iShares U.S. Regional Banks ETF by 22.7% during the second quarter. Blair William & Co. IL now owns 1,567 shares of the company’s stock worth $78,000 after purchasing an additional 290 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in iShares U.S. Regional Banks ETF by 103.1% in the second quarter. AlphaCore Capital LLC now owns 591 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period.
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.