iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Short Interest Report for October

iShares U.S. Insurance ETF (NYSEARCA:IAK) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 72,785 shares, a drop of 48.1% from the September 30th total of 140,336 shares. Based on an average trading volume of 63,113 shares, the short-interest ratio is presently 1.2 days. Currently, 2.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in iShares U.S. Insurance ETF by 100.1% during the 1st quarter. Cetera Investment Advisers now owns 20,725 shares of the company’s stock valued at $2,659,000 after buying an additional 10,366 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of iShares U.S. Insurance ETF by 0.4% during the second quarter. Baird Financial Group Inc. now owns 20,523 shares of the company’s stock valued at $2,885,000 after buying an additional 79 shares during the last quarter. Northstar Financial Companies Inc. increased its stake in iShares U.S. Insurance ETF by 107.3% in the first quarter. Northstar Financial Companies Inc. now owns 14,286 shares of the company’s stock worth $1,833,000 after purchasing an additional 7,393 shares during the period. D.A. Davidson & CO. bought a new position in shares of iShares U.S. Insurance ETF in the third quarter worth about $1,149,000. Finally, Arkadios Wealth Advisors increased its stake in iShares U.S. Insurance ETF by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 7,638 shares of the company’s stock worth $980,000 after buying an additional 349 shares during the period.

iShares U.S. Insurance ETF Trading Up 0.2%

Shares of IAK traded up $0.33 during trading hours on Friday, reaching $148.83. 124,493 shares of the stock traded hands, compared to its average volume of 88,350. The company’s 50-day moving average price is $143.13 and its two-hundred day moving average price is $137.70. iShares U.S. Insurance ETF has a 52-week low of $124.62 and a 52-week high of $152.38. The company has a market cap of $453.93 million, a P/E ratio of 14.11 and a beta of 0.50.

iShares U.S. Insurance ETF Company Profile

The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.