iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Short Interest Down 61.3% in June

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 101,999 shares, a decrease of 61.3% from the May 31st total of 263,419 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 132,039 shares, the days-to-cover ratio is currently 0.8 days.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.1%

Shares of NYSEARCA:IAI traded up $0.12 on Tuesday, reaching $175.33. The company had a trading volume of 49,514 shares, compared to its average volume of 135,806. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a twelve month low of $157.78 and a twelve month high of $191.62. The stock has a 50-day moving average price of $179.98 and a 200 day moving average price of $177.14. The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.81 and a beta of 1.08.

Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% during the third quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock valued at $21,714,000 after purchasing an additional 3,811 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $8,043,000. IFP Advisors Inc lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% in the third quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock worth $5,925,000 after buying an additional 33,237 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock worth $4,429,000 after buying an additional 1,804 shares during the period. Finally, Jackson Wealth Management LLC boosted its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 22.5% during the 4th quarter. Jackson Wealth Management LLC now owns 6,407 shares of the company’s stock worth $1,149,000 after buying an additional 1,178 shares during the period.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

iShares U.S. Broker-Dealers ETF (the Fund), formerly iShares Dow Jones U.S. Broker-Dealers Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market, and includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges.