iShares U.S. Aerospace & Defense ETF (BATS:ITA – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,550,216 shares, an increase of 51.5% from the July 15th total of 1,023,349 shares. Based on an average daily trading volume, of 731,520 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.5% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in ITA. Bogart Wealth LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 447.6% in the 1st quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock valued at $25,000 after purchasing an additional 94 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 395.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 95 shares in the last quarter. Clearstead Trust LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the first quarter worth approximately $28,000. GHP Investment Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF during the fourth quarter worth approximately $30,000. Finally, SHP Wealth Management bought a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth approximately $35,000.
iShares U.S. Aerospace & Defense ETF Stock Down 0.8%
Shares of BATS ITA opened at $251.20 on Tuesday. The company has a market capitalization of $11.05 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a twelve month low of $191.82 and a twelve month high of $256.60. The firm has a fifty day simple moving average of $240.78 and a 200 day simple moving average of $233.44.
About iShares U.S. Aerospace & Defense ETF
iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts.
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