iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,578,557 shares, an increase of 651.0% from the July 15th total of 476,479 shares. Based on an average daily trading volume, of 4,029,828 shares, the short-interest ratio is currently 0.9 days. Currently, 1.2% of the shares of the stock are short sold.
iShares A.I. Innovation and Tech Active ETF Price Performance
NYSEARCA:BAI traded up $0.91 during trading hours on Thursday, reaching $46.95. 1,413,593 shares of the company were exchanged, compared to its average volume of 3,191,994. The company has a market capitalization of $14.46 billion, a P/E ratio of 45.43 and a beta of 2.37. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $29.48 and a 1-year high of $54.46. The business has a 50 day moving average of $46.64 and a 200 day moving average of $41.50.
Institutional Trading of iShares A.I. Innovation and Tech Active ETF
Several large investors have recently modified their holdings of BAI. JPMorgan Chase & Co. grew its stake in iShares A.I. Innovation and Tech Active ETF by 89.3% during the fourth quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock worth $540,633,000 after buying an additional 7,659,120 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at approximately $92,637,000. NewEdge Advisors LLC raised its position in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock valued at $91,648,000 after buying an additional 1,660,253 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% during the 3rd 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 period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% during the 1st 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 period.
iShares A.I. Innovation and Tech Active ETF Company Profile
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
- Five stocks we like better than iShares A.I. Innovation and Tech Active ETF
- Lumentum Just Delivered the AI Growth Investors Wanted
- Ryman Checks Into a $1.38B Hospitality Upgrade
- Axos Financial Keeps Proving the Digital Banking Model Works
- SpaceX’s First Earnings Report Only Made Wall Street More Divided
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.
