iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Significant Increase in Short Interest

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a significant 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. Based on an average trading volume of 264,174 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.4% of the company’s shares are sold short. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 264,174 shares, the days-to-cover ratio is presently 1.3 days.

iShares U.S. Regional Banks ETF Stock Down 0.0%

Shares of NYSEARCA:IAT traded down $0.02 during midday trading on Friday, hitting $59.64. 327,982 shares of the stock traded hands, compared to its average volume of 261,958. The business’s 50 day moving average is $57.47 and its two-hundred day moving average is $53.52. The stock has a market capitalization of $623.24 million, a PE ratio of 12.39 and a beta of 0.96. iShares U.S. Regional Banks ETF has a one year low of $38.30 and a one year high of $63.04.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Several institutional investors and hedge funds have recently bought and sold shares of IAT. Kestra Advisory Services LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $41,000. Cordoba Advisory Partners LLC bought a new stake in iShares U.S. Regional Banks ETF in the fourth quarter valued at $409,000. Marshall Wace LLP purchased a new position in iShares U.S. Regional Banks ETF during the 4th quarter valued at $330,000. Stifel Financial Corp increased its position in iShares U.S. Regional Banks ETF by 1.5% during the 4th quarter. Stifel Financial Corp now owns 15,755 shares of the company’s stock valued at $869,000 after purchasing an additional 240 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth $206,000.

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.