iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 140,336 shares, a growth of 80.9% from the September 15th total of 77,577 shares. Based on an average daily volume of 69,845 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.6% of the company’s shares are short sold.
iShares U.S. Insurance ETF Trading Up 1.5%
Shares of NYSEARCA:IAK traded up $2.17 during trading on Friday, reaching $145.69. 137,339 shares of the company traded hands, compared to its average volume of 87,197. The firm has a market capitalization of $451.64 million, a price-to-earnings ratio of 14.11 and a beta of 0.50. iShares U.S. Insurance ETF has a 52-week low of $124.62 and a 52-week high of $152.38. The business’s fifty day moving average is $142.69 and its 200-day moving average is $138.92.
Institutional Investors Weigh In On iShares U.S. Insurance ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its holdings in iShares U.S. Insurance ETF by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 20,523 shares of the company’s stock worth $2,885,000 after acquiring an additional 79 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of iShares U.S. Insurance ETF by 5.7% in the first quarter. Wealthfront Advisers LLC now owns 1,675 shares of the company’s stock valued at $215,000 after acquiring an additional 90 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares U.S. Insurance ETF by 34.2% during the third quarter. Farther Finance Advisors LLC now owns 447 shares of the company’s stock valued at $61,000 after acquiring an additional 114 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF during the first quarter valued at about $26,000. Finally, Trust Co. of Vermont bought a new position in shares of iShares U.S. Insurance ETF during the second quarter valued at about $35,000.
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.
Featured Articles
- Five stocks we like better than iShares U.S. Insurance ETF
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for iShares U.S. Insurance ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Insurance ETF and related companies with MarketBeat.com's FREE daily email newsletter.
