iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Down 31.9% in December

by · The Cerbat Gem

iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 142,630 shares, a drop of 31.9% from the November 30th total of 209,416 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 145,095 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 145,095 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.3% of the company’s shares are sold short.

iShares U.S. Regional Banks ETF Stock Down 0.9%

IAT stock traded down $0.52 during trading on Wednesday, hitting $55.15. 116,874 shares of the company’s stock traded hands, compared to its average volume of 315,486. The firm has a market capitalization of $614.92 million, a P/E ratio of 12.39 and a beta of 0.96. The business has a fifty day simple moving average of $52.38 and a two-hundred day simple moving average of $51.73. iShares U.S. Regional Banks ETF has a 1 year low of $38.30 and a 1 year high of $56.77.

Institutional Trading of iShares U.S. Regional Banks ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 2nd quarter worth approximately $66,000. Advisory Services Network LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF by 42.8% during the second quarter. Advisory Services Network LLC now owns 56,828 shares of the company’s stock worth $2,850,000 after purchasing an additional 17,031 shares during the last quarter. Pettyjohn Wood & White Inc. acquired a new position in iShares U.S. Regional Banks ETF in the second quarter valued at $212,000. Kingstone Capital Partners Texas LLC lifted its position in iShares U.S. Regional Banks ETF by 277,595.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 24,248,343 shares of the company’s stock worth $1,115,335,000 after buying an additional 24,239,611 shares during the period. Finally, KCM Investment Advisors LLC boosted its stake in iShares U.S. Regional Banks ETF by 2.6% in the 2nd quarter. KCM Investment Advisors LLC now owns 55,555 shares of the company’s stock worth $2,753,000 after buying an additional 1,429 shares during the last quarter.

iShares U.S. Regional Banks ETF Company Profile

(Get Free Report)

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.

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