Short Interest in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Declines By 58.1%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 476,479 shares, a decrease of 58.1% from the June 30th total of 1,138,152 shares. Based on an average daily volume of 3,574,520 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares A.I. Innovation and Tech Active ETF

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in iShares A.I. Innovation and Tech Active ETF by 89.3% in the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock valued at $540,633,000 after buying an additional 7,659,120 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 3rd quarter worth about $92,637,000. NewEdge Advisors LLC lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% during the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after acquiring an additional 1,660,253 shares during the period. United Capital Financial Advisors LLC boosted its position in shares of 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 worth $49,112,000 after acquiring an additional 879,220 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% in the first quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock worth $122,634,000 after acquiring an additional 456,830 shares during the last quarter.

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

BAI stock opened at $42.78 on Monday. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $29.48 and a 52-week high of $54.46. The stock’s fifty day simple moving average is $48.18 and its 200-day simple moving average is $40.73. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 45.43 and a beta of 2.26.

About iShares A.I. Innovation and Tech Active ETF

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.