Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Increases By 282.1%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAIGet Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,138,152 shares, a growth of 282.1% from the June 15th total of 297,894 shares. Based on an average daily trading volume, of 4,339,851 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

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

Shares of NYSEARCA BAI traded down $2.42 during trading hours on Monday, hitting $45.29. 1,625,272 shares of the company’s stock were exchanged, compared to its average volume of 3,117,438. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 45.43 and a beta of 2.26. The company’s 50-day moving average price is $48.60 and its 200-day moving average price is $39.98. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $28.62 and a 1-year high of $54.46.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at about $119,000. Redwood Investment Management LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at approximately $582,000. Imprint Wealth LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at approximately $296,000. Ameriprise Financial Inc. bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth approximately $92,637,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth approximately $2,546,000.

About iShares A.I. Innovation and Tech Active ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares A.I. Innovation and Tech Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares A.I. Innovation and Tech Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.