iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Short Interest Up 312.9% in May

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 263,419 shares, a growth of 312.9% from the May 14th total of 63,805 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,034 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

A number of institutional investors have recently made changes to their positions in the stock. Hudson Value Partners LLC increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1.3% in the 4th quarter. Hudson Value Partners LLC now owns 5,416 shares of the company’s stock worth $972,000 after buying an additional 67 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 2.0% in the 4th quarter. Fifth Third Securities Inc. now owns 6,283 shares of the company’s stock worth $1,127,000 after buying an additional 124 shares during the last quarter. Nemes Rush Group LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth $46,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth $48,000. Finally, Parallel Advisors LLC increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the 1st quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock worth $67,000 after buying an additional 310 shares during the last quarter.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 1.8%

Shares of NYSEARCA:IAI traded up $3.32 during trading on Friday, reaching $184.27. The company had a trading volume of 38,759 shares, compared to its average volume of 138,965. The company has a fifty day moving average of $177.38 and a two-hundred day moving average of $176.53. The stock has a market capitalization of $1.58 billion, a P/E ratio of 23.81 and a beta of 1.08. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12 month low of $153.44 and a 12 month high of $191.62.

About iShares U.S. Broker-Dealers & Securities Exchanges ETF

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.