iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Short Interest Report for September

iShares U.S. Insurance ETF (NYSEARCA:IAK) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 140,336 shares, an increase of 80.9% from the September 15th total of 77,577 shares. Based on an average daily volume of 69,845 shares, the days-to-cover ratio is presently 2.0 days. Currently, 4.6% of the shares of the company are sold short.

iShares U.S. Insurance ETF Stock Up 1.5%

NYSEARCA IAK traded up $2.17 during trading on Friday, hitting $145.69. The company’s stock had a trading volume of 137,339 shares, compared to its average volume of 87,197. iShares U.S. Insurance ETF has a 52 week low of $124.62 and a 52 week high of $152.38. The firm has a market cap of $444.35 million, a P/E ratio of 14.11 and a beta of 0.50. The firm has a 50 day moving average price of $142.74 and a 200 day moving average price of $138.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IAK. AdvisorNet Financial Inc acquired a new position in shares of iShares U.S. Insurance ETF during the third quarter valued at about $542,000. Farther Finance Advisors LLC grew its position in iShares U.S. Insurance ETF by 34.2% during the third quarter. Farther Finance Advisors LLC now owns 447 shares of the company’s stock worth $61,000 after buying an additional 114 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in iShares U.S. Insurance ETF during the third quarter worth about $225,000. Envestnet Asset Management Inc. increased its stake in iShares U.S. Insurance ETF by 15.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,823 shares of the company’s stock valued at $397,000 after acquiring an additional 373 shares during the period. Finally, Baird Financial Group Inc. increased its stake in iShares U.S. Insurance ETF by 0.4% during the second quarter. Baird Financial Group Inc. now owns 20,523 shares of the company’s stock valued at $2,885,000 after acquiring an additional 79 shares during the period.

About iShares U.S. Insurance ETF

The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.