iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Short Interest Update

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,578,557 shares, a growth of 651.0% from the July 15th total of 476,479 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 4,029,828 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BAI. JPMorgan Chase & Co. boosted its position in iShares A.I. Innovation and Tech Active ETF by 89.3% in the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock worth $540,633,000 after purchasing an additional 7,659,120 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock valued at $122,634,000 after purchasing an additional 456,830 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 10.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock valued at $105,393,000 after purchasing an additional 300,664 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at $92,637,000. Finally, NewEdge Advisors LLC boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 162.3% during the third quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after buying an additional 1,660,253 shares in the last quarter.

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

NYSEARCA BAI opened at $46.57 on Friday. The firm has a market capitalization of $14.34 billion, a P/E ratio of 45.43 and a beta of 2.37. The stock has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $41.59. iShares A.I. Innovation and Tech Active ETF has a fifty-two week low of $29.48 and a fifty-two week high of $54.46.

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.