iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Short Interest Up 282.1% in June

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,138,152 shares, an increase of 282.1% from the June 15th total of 297,894 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 4,339,851 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares A.I. Innovation and Tech Active ETF

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in iShares A.I. Innovation and Tech Active ETF by 89.3% during the fourth 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 in the last quarter. Janney Montgomery Scott LLC raised its holdings in 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 valued at $122,634,000 after acquiring an additional 456,830 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares A.I. Innovation and Tech Active ETF by 10.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock worth $105,393,000 after acquiring an additional 300,664 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth approximately $92,637,000. Finally, NewEdge Advisors LLC grew its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% during the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after purchasing an additional 1,660,253 shares in the last quarter.

iShares A.I. Innovation and Tech Active ETF Stock Up 2.7%

iShares A.I. Innovation and Tech Active ETF stock traded up $1.23 during mid-day trading on Tuesday, reaching $46.65. The company had a trading volume of 2,796,765 shares, compared to its average volume of 3,118,582. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 45.43 and a beta of 2.26. The company has a 50 day moving average of $48.64 and a 200-day moving average of $40.06. iShares A.I. Innovation and Tech Active ETF has a 52 week low of $29.04 and a 52 week high of $54.46.

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.