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

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 524,714 shares, a decline of 66.5% from the April 15th total of 1,565,999 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,792,109 shares, the short-interest ratio is currently 0.2 days.

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

Several large investors have recently made changes to their positions in BAI. Bogart Wealth LLC bought a new stake in iShares A.I. Innovation and Tech Active ETF in the first quarter valued at about $32,000. Team Financial Group LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 59.6% in the fourth quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after purchasing an additional 360 shares during the last quarter. Nemes Rush Group LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 531.6% in the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock valued at $37,000 after purchasing an additional 925 shares during the last quarter. Bayban bought a new stake in iShares A.I. Innovation and Tech Active ETF in the fourth quarter valued at about $38,000. Finally, Harbor Investment Advisory LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 89.5% in the third quarter. Harbor Investment Advisory LLC now owns 1,681 shares of the company’s stock valued at $57,000 after purchasing an additional 794 shares during the last quarter.

iShares A.I. Innovation and Tech Active ETF Trading Down 3.8%

BAI stock traded down $1.85 during trading on Friday, hitting $46.79. The company had a trading volume of 3,492,570 shares, compared to its average volume of 2,388,578. The company has a fifty day moving average price of $38.40 and a two-hundred day moving average price of $35.90. The company has a market cap of $14.53 billion, a P/E ratio of 45.43 and a beta of 2.28. iShares A.I. Innovation and Tech Active ETF has a fifty-two week low of $25.17 and a fifty-two week high of $48.80.

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.