iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Shares Shorted: Short Interest Up 388.1% in October

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,826,467 shares, a growth of 388.1% from the September 30th total of 579,102 shares. Based on an average daily trading volume, of 3,359,863 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the company’s shares are sold short.

iShares A.I. Innovation and Tech Active ETF Stock Up 2.3%

BAI opened at $41.35 on Tuesday. The stock has a market cap of $12.84 billion, a P/E ratio of 45.43 and a beta of 2.33. iShares A.I. Innovation and Tech Active ETF has a 12 month low of $30.82 and a 12 month high of $54.46. The company has a fifty day simple moving average of $45.02 and a 200 day simple moving average of $42.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAI. YANKCOM Partnership acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the third quarter worth about $36,000. Bogart Wealth LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the 1st quarter valued at approximately $32,000. Wells Financial Advisors INC increased its stake in iShares A.I. Innovation and Tech Active ETF by 87.0% during the 2nd quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock worth $60,000 after purchasing an additional 531 shares in the last quarter. Team Financial Group LLC increased its stake in iShares A.I. Innovation and Tech Active ETF by 52.7% during the 1st quarter. Team Financial Group LLC now owns 1,472 shares of the company’s stock worth $48,000 after purchasing an additional 508 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in iShares A.I. Innovation and Tech Active ETF by 103.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,536 shares of the company’s stock worth $117,000 after purchasing an additional 1,800 shares in the last quarter.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.