iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,826,467 shares, an increase of 388.1% from the September 30th total of 579,102 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 3,359,863 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Trading of iShares A.I. Innovation and Tech Active ETF
Several institutional investors and hedge funds have recently bought and sold shares of BAI. Bank of New York Mellon Corp boosted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 10.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock worth $105,393,000 after acquiring an additional 300,664 shares during the period. Shah Wealth Advisors LLC bought a new position in iShares A.I. Innovation and Tech Active ETF during the second quarter worth $20,622,000. Cahill Financial Advisors Inc. boosted its position in iShares A.I. Innovation and Tech Active ETF by 11.0% during the second quarter. Cahill Financial Advisors Inc. now owns 341,560 shares of the company’s stock worth $18,007,000 after purchasing an additional 33,902 shares during the period. Beacon Financial Group boosted its position in iShares A.I. Innovation and Tech Active ETF by 6.3% during the first quarter. Beacon Financial Group now owns 316,823 shares of the company’s stock worth $10,439,000 after purchasing an additional 18,835 shares during the period. Finally, Blue Edge Capital LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $15,282,000.
iShares A.I. Innovation and Tech Active ETF Stock Performance
Shares of NYSEARCA:BAI opened at $41.35 on Tuesday. iShares A.I. Innovation and Tech Active ETF has a 52-week low of $30.82 and a 52-week high of $54.46. The company has a market capitalization of $12.84 billion, a P/E ratio of 45.43 and a beta of 2.33. The company has a 50-day simple moving average of $45.02 and a 200 day simple moving average of $42.00.
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.
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