iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Up 33.6% in January

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 196,049 shares, a growth of 33.6% from the December 31st total of 146,699 shares. Based on an average trading volume of 259,274 shares, the short-interest ratio is presently 0.8 days. Currently, 1.9% of the company’s stock are sold short. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 259,274 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

Several hedge funds have recently bought and sold shares of IAT. Two Sigma Investments LP boosted its stake in iShares U.S. Regional Banks ETF by 154.3% in the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock worth $10,138,000 after buying an additional 117,100 shares in the last quarter. Jain Global LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at $3,544,000. Truist Financial Corp boosted its stake in shares of iShares U.S. Regional Banks ETF by 72.2% in the 4th quarter. Truist Financial Corp now owns 110,873 shares of the company’s stock valued at $6,115,000 after purchasing an additional 46,477 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 755.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock valued at $2,392,000 after purchasing an additional 38,311 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in iShares U.S. Regional Banks ETF by 52.0% in the 3rd quarter. Advisory Services Network LLC now owns 86,381 shares of the company’s stock worth $4,538,000 after purchasing an additional 29,553 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA IAT traded up $1.34 on Tuesday, hitting $60.48. 305,584 shares of the stock traded hands, compared to its average volume of 267,231. The business’s fifty day moving average is $55.90 and its two-hundred day moving average is $52.94. iShares U.S. Regional Banks ETF has a 12 month low of $38.30 and a 12 month high of $60.54. The firm has a market capitalization of $641.09 million, a price-to-earnings ratio of 12.39 and a beta of 0.96.

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.