iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Short Interest Update

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 524,714 shares, a drop of 66.5% from the April 15th total of 1,565,999 shares. Based on an average daily volume of 2,792,109 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

iShares A.I. Innovation and Tech Active ETF Price Performance

BAI stock traded down $1.85 during midday trading on Friday, reaching $46.79. 3,492,570 shares of the stock were exchanged, compared to its average volume of 2,388,578. The stock has a market capitalization of $14.53 billion, a PE ratio of 45.43 and a beta of 2.28. iShares A.I. Innovation and Tech Active ETF has a 52 week low of $25.17 and a 52 week high of $48.80. The company has a fifty day moving average price of $38.40 and a 200 day moving average price of $35.90.

Institutional Investors Weigh In On iShares A.I. Innovation and Tech Active ETF

A number of institutional investors have recently made changes to their positions in BAI. Team Financial Group LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 59.6% in the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after buying an additional 360 shares during the last quarter. Bogart Wealth LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 1st quarter worth approximately $32,000. Nemes Rush Group LLC raised its stake in iShares A.I. Innovation and Tech Active ETF by 531.6% during the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after buying an additional 925 shares during the period. Bayban acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 4th quarter worth approximately $38,000. Finally, Harbor Investment Advisory LLC raised its stake in iShares A.I. Innovation and Tech Active ETF by 89.5% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,681 shares of the company’s stock worth $57,000 after buying an additional 794 shares during the period.

About iShares A.I. Innovation and Tech Active ETF

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.