iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Update

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 182,981 shares, a decrease of 16.1% from the February 26th total of 218,114 shares. Based on an average trading volume of 429,934 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.8% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of IAT. NewEdge Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 6.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock valued at $386,000 after buying an additional 475 shares during the period. Goldman Sachs Group Inc. boosted its holdings in iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock valued at $8,895,000 after acquiring an additional 19,870 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares U.S. Regional Banks ETF by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 360,619 shares of the company’s stock valued at $17,869,000 after acquiring an additional 1,941 shares during the period. Bare Financial Services Inc increased its stake in iShares U.S. Regional Banks ETF by 4.0% during the second quarter. Bare Financial Services Inc now owns 8,758 shares of the company’s stock worth $434,000 after acquiring an additional 340 shares during the last quarter. Finally, Kilter Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth about $41,000.

iShares U.S. Regional Banks ETF Price Performance

Shares of IAT stock opened at $53.84 on Wednesday. The firm’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $54.24. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 and a 1-year high of $63.04. The firm has a market cap of $568.01 million, a P/E 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.