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 during the month of July. As of July 15th, there was short interest totaling 476,479 shares, a decline of 58.1% from the June 30th total of 1,138,152 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,574,520 shares, the short-interest ratio is currently 0.1 days.

iShares A.I. Innovation and Tech Active ETF Stock Down 5.2%

Shares of BAI traded down $2.20 on Tuesday, hitting $39.75. 4,422,640 shares of the stock traded hands, compared to its average volume of 3,153,058. iShares A.I. Innovation and Tech Active ETF has a 1 year low of $29.48 and a 1 year high of $54.46. The stock’s 50 day moving average is $48.01 and its two-hundred day moving average is $40.82. The firm has a market capitalization of $12.13 billion, a P/E ratio of 45.43 and a beta of 2.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 59.7% in the fourth quarter. Farther Finance Advisors LLC now owns 322,376 shares of the company’s stock valued at $10,735,000 after purchasing an additional 120,575 shares during the period. Tsfg LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 68.8% during the fourth quarter. Tsfg LLC now owns 410,352 shares of the company’s stock worth $13,665,000 after buying an additional 167,202 shares during the period. Strategic Blueprint LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 21.0% during the fourth quarter. Strategic Blueprint LLC now owns 313,574 shares of the company’s stock worth $10,442,000 after buying an additional 54,362 shares during the period. Sageworth Trust Co purchased a new position in iShares A.I. Innovation and Tech Active ETF during the fourth quarter worth about $989,000. Finally, Legacy Financial Group LLC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 4.8% in the 4th quarter. Legacy Financial Group LLC now owns 243,221 shares of the company’s stock worth $7,939,000 after buying an additional 11,178 shares during the last quarter.

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.