Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Declines By 66.5%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a significant drop in short interest in 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 trading volume of 2,792,109 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

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

Shares of NYSEARCA BAI traded down $1.85 during mid-day trading on Friday, hitting $46.79. 3,492,570 shares of the stock traded hands, compared to its average volume of 2,388,578. 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 market cap of $14.53 billion, a price-to-earnings ratio of 45.43 and a beta of 2.28. The stock 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

Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the first quarter valued at approximately $32,000. Team Financial Group LLC boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 59.6% during the fourth quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after purchasing an additional 360 shares in the last quarter. Nemes Rush Group LLC boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 531.6% during the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock valued at $37,000 after purchasing an additional 925 shares in the last quarter. Bayban bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the fourth quarter valued at approximately $38,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 89.5% during the third quarter. Harbor Investment Advisory LLC now owns 1,681 shares of the company’s stock valued at $57,000 after purchasing an additional 794 shares in the last quarter.

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.