Short Interest in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Drops By 36.3%

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 111,900 shares, a decline of 36.3% from the May 15th total of 175,700 shares. Based on an average trading volume of 190,500 shares, the short-interest ratio is presently 0.6 days. Approximately 1.3% of the company’s shares are sold short.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Performance

Shares of IAI traded down $1.44 on Tuesday, reaching $155.17. The stock had a trading volume of 44,012 shares, compared to its average volume of 156,677. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 22.98 and a beta of 1.15. The company has a 50-day simple moving average of $146.49 and a 200-day simple moving average of $146.97. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12-month low of $114.17 and a 12-month high of $159.90.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

A number of hedge funds have recently made changes to their positions in the stock. SouthState Corp purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at $38,000. Ameriprise Financial Inc. grew its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 308.0% during the 4th quarter. Ameriprise Financial Inc. now owns 105,345 shares of the company’s stock valued at $15,176,000 after purchasing an additional 79,522 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 19,891 shares of the company’s stock valued at $2,866,000 after purchasing an additional 80 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 28.1% in the fourth quarter. Jones Financial Companies Lllp now owns 5,061 shares of the company’s stock worth $729,000 after buying an additional 1,111 shares during the last quarter. Finally, Hudson Value Partners LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth approximately $558,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

iShares U.S. Broker-Dealers ETF (the Fund), formerly iShares Dow Jones U.S. Broker-Dealers Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market, and includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges.