iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Decrease in Short Interest

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a large decrease in short interest during the month of 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 daily volume of 196,554 shares, the short-interest ratio is currently 0.7 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of institutional investors have recently made changes to their positions in IAT. Group One Trading LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the first quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth $25,000. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the second quarter worth $25,000. Register Financial Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $39,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $41,000.

iShares U.S. Regional Banks ETF Price Performance

iShares U.S. Regional Banks ETF stock traded down $0.88 during midday trading on Wednesday, reaching $63.49. The company had a trading volume of 73,110 shares, compared to its average volume of 258,333. iShares U.S. Regional Banks ETF has a 12-month low of $47.37 and a 12-month high of $65.32. The company has a market capitalization of $676.17 million, a P/E ratio of 12.39 and a beta of 0.88. The firm’s fifty day simple moving average is $61.02 and its 200-day simple moving average is $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.