iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Update

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 145,039 shares, a decrease of 54.9% from the June 30th total of 321,266 shares. Based on an average daily volume of 196,554 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the company’s shares are sold short.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA IAT traded up $0.90 during trading on Tuesday, hitting $64.37. The stock had a trading volume of 87,761 shares, compared to its average volume of 259,619. iShares U.S. Regional Banks ETF has a one year low of $47.37 and a one year high of $65.32. The stock has a 50 day simple moving average of $60.72 and a 200 day simple moving average of $58.25. The stock has a market capitalization of $685.54 million, a price-to-earnings ratio of 12.39 and a beta of 0.88.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its position in shares of iShares U.S. Regional Banks ETF by 1.5% during the fourth quarter. Stifel Financial Corp now owns 15,755 shares of the company’s stock worth $869,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC increased its stake in iShares U.S. Regional Banks ETF by 4.7% in the 4th quarter. Larson Financial Group LLC now owns 7,435 shares of the company’s stock worth $410,000 after buying an additional 332 shares during the period. Blair William & Co. IL increased its stake in iShares U.S. Regional Banks ETF by 7.4% in the 4th quarter. Blair William & Co. IL now owns 6,124 shares of the company’s stock worth $338,000 after buying an additional 422 shares during the period. Group One Trading LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 1st quarter valued at about $25,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at about $25,000.

About iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.