iShares U.S. Insurance ETF (NYSEARCA:IAK) Short Interest Down 49.5% in February

iShares U.S. Insurance ETF (NYSEARCA:IAK) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 25,565 shares, a decline of 49.5% from the February 12th total of 50,650 shares. Based on an average trading volume of 90,018 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 90,018 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of iShares U.S. Insurance ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management acquired a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in iShares U.S. Insurance ETF during the fourth quarter worth approximately $31,000. Trust Co. of Vermont purchased a new stake in iShares U.S. Insurance ETF in the third quarter valued at approximately $34,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter valued at approximately $34,000. Finally, Financial Consulate Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $35,000.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA IAK remained flat at $130.95 during trading hours on Friday. 91,641 shares of the company’s stock traded hands, compared to its average volume of 81,515. iShares U.S. Insurance ETF has a one year low of $119.23 and a one year high of $138.99. The stock has a market cap of $419.04 million, a P/E ratio of 14.11 and a beta of 0.65. The firm has a fifty day moving average of $133.73 and a 200 day moving average of $133.00.

iShares U.S. Insurance ETF Company Profile

The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.