iShares U.S. Insurance ETF (NYSEARCA:IAK) Short Interest Up 70.3% in May

iShares U.S. Insurance ETF (NYSEARCA:IAK) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 54,472 shares, a growth of 70.3% from the April 30th total of 31,991 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 35,964 shares, the days-to-cover ratio is presently 1.5 days.

iShares U.S. Insurance ETF Stock Performance

iShares U.S. Insurance ETF stock opened at $127.97 on Thursday. The company has a market cap of $358.32 million, a P/E ratio of 14.11 and a beta of 0.54. iShares U.S. Insurance ETF has a one year low of $124.62 and a one year high of $138.66. The business has a fifty day moving average of $130.96 and a two-hundred day moving average of $132.84.

Institutional Trading of iShares U.S. Insurance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IAK. Wealthfront Advisers LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 5.7% in the first quarter. Wealthfront Advisers LLC now owns 1,675 shares of the company’s stock valued at $215,000 after purchasing an additional 90 shares in the last quarter. National Bank of Canada FI increased its stake in shares of iShares U.S. Insurance ETF by 61.5% during the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Mariner LLC increased its stake in shares of iShares U.S. Insurance ETF by 1.3% during the 4th quarter. Mariner LLC now owns 10,271 shares of the company’s stock worth $1,398,000 after purchasing an additional 132 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of iShares U.S. Insurance ETF by 1.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 12,398 shares of the company’s stock worth $1,667,000 after purchasing an additional 152 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of iShares U.S. Insurance ETF by 4.3% during the 3rd quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $624,000 after purchasing an additional 193 shares during the last quarter.

iShares U.S. Insurance ETF Company Profile

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.