iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Down 31.9% in December

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 142,630 shares, a drop of 31.9% from the November 30th total of 209,416 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 145,095 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 145,095 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.3% of the company’s shares are sold short.

iShares U.S. Regional Banks ETF Stock Down 0.9%

IAT stock traded down $0.52 during trading on Wednesday, hitting $55.15. 116,874 shares of the company’s stock traded hands, compared to its average volume of 315,486. The firm has a market capitalization of $614.92 million, a P/E ratio of 12.39 and a beta of 0.96. The business has a fifty day simple moving average of $52.38 and a two-hundred day simple moving average of $51.73. iShares U.S. Regional Banks ETF has a 1 year low of $38.30 and a 1 year high of $56.77.

Institutional Trading of iShares U.S. Regional Banks ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 2nd quarter worth approximately $66,000. Advisory Services Network LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF by 42.8% during the second quarter. Advisory Services Network LLC now owns 56,828 shares of the company’s stock worth $2,850,000 after purchasing an additional 17,031 shares during the last quarter. Pettyjohn Wood & White Inc. acquired a new position in iShares U.S. Regional Banks ETF in the second quarter valued at $212,000. Kingstone Capital Partners Texas LLC lifted its position in iShares U.S. Regional Banks ETF by 277,595.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 24,248,343 shares of the company’s stock worth $1,115,335,000 after buying an additional 24,239,611 shares during the period. Finally, KCM Investment Advisors LLC boosted its stake in iShares U.S. Regional Banks ETF by 2.6% in the 2nd quarter. KCM Investment Advisors LLC now owns 55,555 shares of the company’s stock worth $2,753,000 after buying an additional 1,429 shares during the last quarter.

iShares U.S. Regional Banks ETF Company Profile

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.