iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,286,460 shares, a drop of 35.8% from the August 31st total of 2,003,429 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,383,251 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of iShares A.I. Innovation and Tech Active ETF by 89.3% during the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock worth $540,633,000 after purchasing an additional 7,659,120 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 buying an additional 456,830 shares in the last quarter. Shah Wealth Advisors LLC bought a new position in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at $20,622,000. Bank of New York Mellon Corp increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 13.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,897,917 shares of the company’s stock valued at $96,501,000 after buying an additional 339,018 shares during the period. Finally, Blue Edge Capital LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter worth $15,282,000.
iShares A.I. Innovation and Tech Active ETF Price Performance
Shares of iShares A.I. Innovation and Tech Active ETF stock opened at $47.19 on Thursday. 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 firm has a market capitalization of $14.47 billion, a PE ratio of 45.43 and a beta of 2.38. The company’s fifty day moving average price is $44.44 and its two-hundred day moving average price is $44.09.
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.
Further Reading
- Five stocks we like better than iShares A.I. Innovation and Tech Active ETF
- Boeing’s Fighter Victory Opens the Door to Decades of Defense Revenue
- Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors?
- O’Reilly Automotive’s Stock Slump Hides a Stronger Business
- McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier
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.
-logo-1200x675.png){kind=logo}
