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:BAIGet Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,207,194 shares, a drop of 66.3% from the July 30th total of 3,578,557 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 3,026,608 shares, the short-interest ratio is presently 0.4 days.

iShares A.I. Innovation and Tech Active ETF Stock Down 2.4%

BAI stock opened at $44.12 on Friday. The firm has a market cap of $13.59 billion, a P/E ratio of 45.43 and a beta of 2.37. The company’s 50-day simple moving average is $45.58 and its 200-day simple moving average is $42.34. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $30.36 and a 52-week high of $54.46.

Institutional Trading of iShares A.I. Innovation and Tech Active ETF

Several large investors have recently added to or reduced their stakes in BAI. EverSource Wealth Advisors LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at about $119,000. Redwood Investment Management LLC purchased a new position in iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $582,000. Imprint Wealth LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at about $296,000. Ameriprise Financial Inc. acquired a new stake in iShares A.I. Innovation and Tech Active ETF in the third quarter valued at approximately $92,637,000. Finally, United Capital Financial Advisors LLC raised its holdings in iShares A.I. Innovation and Tech Active ETF by 157.4% in the third quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock valued at $49,112,000 after acquiring an additional 879,220 shares in the last quarter.

About iShares A.I. Innovation and Tech Active ETF

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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.

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