iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Significant Increase in Short Interest

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 263,419 shares, an increase of 312.9% from the May 14th total of 63,805 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 121,034 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Several large investors have recently modified their holdings of IAI. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after purchasing an additional 683 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock valued at $21,714,000 after purchasing an additional 3,811 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% in the 3rd quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock valued at $5,925,000 after purchasing an additional 33,237 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $48,000. Finally, Jackson Wealth Management LLC boosted its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 22.5% during the fourth quarter. Jackson Wealth Management LLC now owns 6,407 shares of the company’s stock worth $1,149,000 after buying an additional 1,178 shares during the period.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 1.8%

Shares of NYSEARCA:IAI opened at $184.27 on Friday. The business has a fifty day moving average of $177.38 and a two-hundred day moving average of $176.53. The stock has a market cap of $1.58 billion, a P/E ratio of 23.81 and a beta of 1.08. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 52-week low of $153.44 and a 52-week high of $191.62.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

iShares U.S. Broker-Dealers ETF (the Fund), formerly iShares Dow Jones U.S. Broker-Dealers Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market, and includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges.