iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Update

iShares U.S. Regional Banks ETF (NYSEARCA:IATGet Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 182,981 shares, a drop of 16.1% from the February 26th total of 218,114 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 429,934 shares, the days-to-cover ratio is currently 0.4 days.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA:IAT opened at $52.13 on Monday. The stock has a market capitalization of $544.76 million, a P/E ratio of 12.39 and a beta of 0.96. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 and a 1-year high of $63.04. The business has a 50-day moving average price of $56.92 and a two-hundred day moving average price of $54.25.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in iShares U.S. Regional Banks ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock valued at $386,000 after buying an additional 475 shares during the period. Goldman Sachs Group Inc. grew its holdings in iShares U.S. Regional Banks ETF by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after acquiring an additional 19,870 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Regional Banks ETF by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 360,619 shares of the company’s stock valued at $17,869,000 after acquiring an additional 1,941 shares during the last quarter. Bare Financial Services Inc raised its position in shares of iShares U.S. Regional Banks ETF by 4.0% during the 2nd quarter. Bare Financial Services Inc now owns 8,758 shares of the company’s stock valued at $434,000 after acquiring an additional 340 shares during the last quarter. Finally, Kilter Group LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at $41,000.

iShares U.S. Regional Banks ETF Company Profile

(Get Free Report)

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.

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