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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 135,542 shares, a decrease of 25.9% from the March 15th total of 182,981 shares. Based on an average daily volume of 528,971 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.3% of the shares of the company are sold short.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA:IAT traded up $1.11 during mid-day trading on Friday, hitting $58.40. 320,442 shares of the stock were exchanged, compared to its average volume of 350,649. The firm’s 50-day simple moving average is $56.11 and its 200 day simple moving average is $54.54. The stock has a market capitalization of $613.20 million, a price-to-earnings ratio of 12.39 and a beta of 0.91. iShares U.S. Regional Banks ETF has a fifty-two week low of $40.53 and a fifty-two week high of $63.04.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in iShares U.S. Regional Banks ETF by 6.1% during the first quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after acquiring an additional 475 shares during the period. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Regional Banks ETF by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after purchasing an additional 19,870 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of iShares U.S. Regional Banks ETF by 11.1% during the second quarter. Marshall Wace LLP now owns 35,671 shares of the company’s stock worth $1,767,000 after purchasing an additional 3,553 shares during the period. Cerity Partners LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the second quarter worth approximately $217,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the second quarter valued at approximately $555,000.

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.