Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Declines By 66.3%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,207,194 shares, a decline of 66.3% from the July 30th total of 3,578,557 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 3,026,608 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares A.I. Innovation and Tech Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $119,000. Redwood Investment Management LLC bought a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $582,000. Imprint Wealth LLC bought a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 3rd quarter worth $296,000. Ameriprise Financial Inc. purchased a new stake in iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth about $92,637,000. Finally, United Capital Financial Advisors LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 157.4% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after acquiring an additional 879,220 shares during the last quarter.

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

Shares of iShares A.I. Innovation and Tech Active ETF stock traded down $1.08 on Friday, reaching $44.12. 1,986,445 shares of the company traded hands, compared to its average volume of 3,141,174. The company has a 50 day moving average of $45.58 and a 200 day moving average of $42.34. iShares A.I. Innovation and Tech Active ETF has a 52 week low of $30.36 and a 52 week high of $54.46. The firm has a market capitalization of $13.59 billion, a PE ratio of 45.43 and a beta of 2.37.

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.