Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Increases By 66.0%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,003,429 shares, an increase of 66.0% from the August 15th total of 1,207,194 shares. Based on an average daily volume of 2,295,922 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares A.I. Innovation and Tech Active ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 89.3% during the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock valued at $540,633,000 after acquiring an additional 7,659,120 shares in the last quarter. Mosley Wealth Management purchased a new position in iShares A.I. Innovation and Tech Active ETF in the fourth quarter valued at about $1,000,000. Sageworth Trust Co boosted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 42.4% during the 1st quarter. Sageworth Trust Co now owns 42,278 shares of the company’s stock valued at $1,393,000 after buying an additional 12,585 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 1st quarter worth $1,508,000. Finally, Twin Peaks Wealth Advisors LLC grew its stake in iShares A.I. Innovation and Tech Active ETF by 27.8% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 130,884 shares of the company’s stock worth $4,625,000 after purchasing an additional 28,473 shares in the last quarter.

iShares A.I. Innovation and Tech Active ETF Trading Up 1.5%

Shares of NYSEARCA:BAI opened at $43.17 on Thursday. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 45.43 and a beta of 2.38. iShares A.I. Innovation and Tech Active ETF has a 12-month low of $30.82 and a 12-month high of $54.46. The stock’s 50-day moving average price is $44.16 and its two-hundred day moving average price is $43.20.

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.