iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Down 19.3% in February
by Jessica Moore · The Cerbat GemiShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 283,242 shares, a decrease of 19.3% from the January 29th total of 350,962 shares. Based on an average daily trading volume, of 262,569 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.7% of the company’s shares are short sold. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 262,569 shares, the days-to-cover ratio is presently 1.1 days.
iShares U.S. Regional Banks ETF Price Performance
Shares of NYSEARCA IAT traded down $0.51 during midday trading on Tuesday, hitting $56.26. The stock had a trading volume of 731,204 shares, compared to its average volume of 296,795. The firm has a market cap of $587.92 million, a P/E ratio of 12.39 and a beta of 0.96. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.30 and a fifty-two week high of $63.04. The company’s 50-day simple moving average is $58.14 and its 200 day simple moving average is $54.22.
Institutional Investors Weigh In On iShares U.S. Regional Banks ETF
Several institutional investors have recently modified their holdings of IAT. Wells Fargo & Company MN raised its stake in shares of iShares U.S. Regional Banks ETF by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 481,700 shares of the company’s stock worth $26,566,000 after buying an additional 16,723 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Regional Banks ETF by 7.0% during the 3rd quarter. Bank of America Corp DE now owns 418,007 shares of the company’s stock worth $21,958,000 after acquiring an additional 27,502 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Regional Banks ETF by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,804 shares of the company’s stock valued at $19,741,000 after acquiring an additional 15,185 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of iShares U.S. Regional Banks ETF by 154.3% in the 3rd quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock valued at $10,138,000 after purchasing an additional 117,100 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of iShares U.S. Regional Banks ETF by 11.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after purchasing an additional 19,870 shares during the last quarter.
iShares U.S. Regional Banks ETF Company Profile
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.