iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sees Significant Growth in Short Interest

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,138,152 shares, a growth of 282.1% from the June 15th total of 297,894 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,339,851 shares, the days-to-cover ratio is currently 0.3 days.

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

iShares A.I. Innovation and Tech Active ETF stock traded down $0.34 during mid-day trading on Friday, reaching $47.71. The company’s stock had a trading volume of 3,138,150 shares, compared to its average volume of 3,129,683. The company has a market capitalization of $14.15 billion, a P/E ratio of 45.43 and a beta of 2.26. iShares A.I. Innovation and Tech Active ETF has a 12-month low of $28.62 and a 12-month high of $54.46. The firm’s fifty day moving average price is $48.60 and its two-hundred day moving average price is $39.98.

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

Hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 1st quarter valued at $32,000. Team Financial Group LLC raised its position in 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 worth $32,000 after purchasing an additional 360 shares during the period. Nemes Rush Group LLC lifted its stake in iShares A.I. Innovation and Tech Active ETF by 531.6% in the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after purchasing an additional 925 shares during the last quarter. Bayban bought a new stake in iShares A.I. Innovation and Tech Active ETF in the fourth quarter worth $38,000. Finally, Harbor Investment Advisory LLC boosted its position in iShares A.I. Innovation and Tech Active ETF by 103.7% during the first quarter. Harbor Investment Advisory LLC now owns 3,536 shares of the company’s stock valued at $117,000 after buying an additional 1,800 shares during the period.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.