iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Short Interest Update

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

Institutional Inflows and Outflows

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

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 1.1%

Shares of IAI opened at $175.82 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a fifty-two week low of $157.78 and a fifty-two week high of $191.62. The company’s fifty day moving average is $180.02 and its two-hundred day moving average is $177.19. The firm has a market cap of $1.50 billion, a PE ratio of 23.81 and a beta of 1.08.

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.