Short Interest in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Declines By 61.3%

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 101,999 shares, a decline of 61.3% from the May 31st total of 263,419 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 132,039 shares, the short-interest ratio is presently 0.8 days.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 1.1%

IAI opened at $175.82 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 52-week low of $157.78 and a 52-week high of $191.62. The company has a 50 day moving average of $180.02 and a two-hundred day moving average of $177.19. The company has a market cap of $1.50 billion, a P/E ratio of 23.81 and a beta of 1.08.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

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

About iShares U.S. Broker-Dealers & Securities Exchanges ETF

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.