iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Stock Short Interest Declines 55.0%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 579,102 shares, a drop of 55.0% from the September 15th total of 1,286,460 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,749,896 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of large investors have recently bought and sold shares of BAI. Janney Montgomery Scott LLC raised its stake in iShares A.I. Innovation and Tech Active ETF by 14.0% in the first 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 in the last quarter. Bank of New York Mellon Corp lifted its position in iShares A.I. Innovation and Tech Active ETF by 10.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock valued at $105,393,000 after acquiring an additional 300,664 shares during the period. Shah Wealth Advisors LLC bought a new stake in iShares A.I. Innovation and Tech Active ETF during the second quarter worth about $20,622,000. Cahill Financial Advisors Inc. boosted its stake in 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 in the last quarter. Finally, Blue Edge Capital LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF in the second quarter worth about $15,282,000.

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

iShares A.I. Innovation and Tech Active ETF stock traded down $0.56 during mid-day trading on Tuesday, hitting $46.28. The company’s stock had a trading volume of 2,511,031 shares, compared to its average volume of 3,304,320. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 45.43 and a beta of 2.33. The business has a 50 day moving average price of $45.55 and a 200-day moving average price of $44.90. iShares A.I. Innovation and Tech Active ETF has a 12 month low of $30.82 and a 12 month high of $54.46.

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.