iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Short Interest Down 66.5% in April

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 524,714 shares, a decline of 66.5% from the April 15th total of 1,565,999 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,792,109 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of iShares A.I. Innovation and Tech Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BAI. JPMorgan Chase & Co. grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 89.3% in the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock worth $540,633,000 after buying an additional 7,659,120 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth about $92,637,000. NewEdge Advisors LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after buying an additional 1,660,253 shares during the period. United Capital Financial Advisors LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after buying an additional 879,220 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock worth $122,634,000 after buying an additional 456,830 shares during the period.

iShares A.I. Innovation and Tech Active ETF Price Performance

iShares A.I. Innovation and Tech Active ETF stock traded down $1.85 during mid-day trading on Friday, reaching $46.79. 3,492,570 shares of the company traded hands, compared to its average volume of 2,388,578. The firm’s 50 day moving average price is $38.40 and its 200 day moving average price is $35.90. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 45.43 and a beta of 2.28. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $25.17 and a 52-week high of $48.80.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.