Short Interest in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Drops By 61.3%

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 101,999 shares, a drop of 61.3% from the May 31st total of 263,419 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 132,039 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at about $8,043,000. IFP Advisors Inc boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% during the 3rd quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock worth $5,925,000 after acquiring an additional 33,237 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock valued at $21,714,000 after buying an additional 3,811 shares in the last quarter. Bank of New York Mellon Corp grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after acquiring an additional 2,527 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 10.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,175 shares of the company’s stock worth $4,516,000 after purchasing an additional 2,321 shares during the last quarter.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 0.3%

Shares of IAI traded down $0.61 during trading hours on Monday, reaching $175.21. 47,105 shares of the company traded hands, compared to its average volume of 136,521. The business has a fifty day moving average price of $180.02 and a 200-day moving average price of $177.18. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12-month low of $157.78 and a 12-month high of $191.62. The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.81 and a beta of 1.08.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

iShares U.S. Broker-Dealers ETF (the Fund), formerly iShares Dow Jones U.S. Broker-Dealers Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market, and includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges.