iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Down 54.9% in July

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 145,039 shares, a decrease of 54.9% from the June 30th total of 321,266 shares. Based on an average trading volume of 196,554 shares, the short-interest ratio is presently 0.7 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of institutional investors have recently modified their holdings of IAT. Lido Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the first quarter worth about $10,280,000. Two Sigma Investments LP lifted its stake in 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 acquiring an additional 117,100 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares U.S. Regional Banks ETF by 23.0% in the 1st quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock valued at $28,060,000 after acquiring an additional 97,510 shares in the last quarter. Jain Global LLC acquired a new position in iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $3,544,000. Finally, Equitable Holdings Inc. acquired a new position in iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $2,719,000.

iShares U.S. Regional Banks ETF Stock Up 0.3%

Shares of NYSEARCA:IAT traded up $0.18 during midday trading on Thursday, reaching $63.67. 45,913 shares of the company were exchanged, compared to its average volume of 256,851. The firm has a market cap of $668.53 million, a PE ratio of 12.39 and a beta of 0.88. iShares U.S. Regional Banks ETF has a fifty-two week low of $47.37 and a fifty-two week high of $65.32. The stock has a fifty day simple moving average of $61.02 and a two-hundred day simple moving average of $58.34.

About iShares U.S. Regional Banks ETF

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.