iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sees Large Drop in Short Interest

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,286,460 shares, a decrease of 35.8% from the August 31st total of 2,003,429 shares. Based on an average trading volume of 2,383,251 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

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

Shares of BAI opened at $47.19 on Thursday. The stock has a 50 day simple moving average of $44.44 and a 200 day simple moving average of $44.09. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $30.82 and a 52-week high of $54.46. The firm has a market capitalization of $14.47 billion, a PE ratio of 45.43 and a beta of 2.38.

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

Several large investors have recently made changes to their positions in the stock. Cahill Financial Advisors Inc. raised its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 11.0% during the second quarter. Cahill Financial Advisors Inc. now owns 341,560 shares of the company’s stock worth $18,007,000 after acquiring an additional 33,902 shares during the period. Shah Wealth Advisors LLC bought a new position in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter worth about $20,622,000. Blue Edge Capital LLC acquired a new stake in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at approximately $15,282,000. Nations Financial Group Inc. IA ADV bought a new stake in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at approximately $209,000. Finally, Wells Financial Advisors INC lifted its stake in iShares A.I. Innovation and Tech Active ETF by 87.0% in the 2nd quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock valued at $60,000 after acquiring an additional 531 shares in the last quarter.

About iShares A.I. Innovation and Tech Active ETF

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.