Short Interest in iShares U.S. Aerospace & Defense ETF (BATS:ITA) Rises By 51.5%

iShares U.S. Aerospace & Defense ETF (BATS:ITA) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,550,216 shares, an increase of 51.5% from the July 15th total of 1,023,349 shares. Based on an average trading volume of 731,520 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ITA. Bogart Wealth LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 447.6% in the first quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 94 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 395.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 95 shares during the period. Clearstead Trust LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the first quarter worth approximately $28,000. GHP Investment Advisors Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter worth approximately $30,000. Finally, SHP Wealth Management bought a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $35,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA stock opened at $251.20 on Tuesday. The company has a market capitalization of $11.05 billion, a P/E ratio of 34.35 and a beta of 0.87. The company has a fifty day moving average price of $240.78 and a 200-day moving average price of $233.44. iShares U.S. Aerospace & Defense ETF has a 52-week low of $191.82 and a 52-week high of $256.60.

About iShares U.S. Aerospace & Defense ETF

iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts.