iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Short Interest Down 31.9% in December

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 142,630 shares, a decrease of 31.9% from the November 30th total of 209,416 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 145,095 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 145,095 shares, the short-interest ratio is presently 1.0 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in iShares U.S. Regional Banks ETF during the 2nd quarter worth $66,000. Advisory Services Network LLC grew its position in shares of iShares U.S. Regional Banks ETF by 42.8% during the 2nd quarter. Advisory Services Network LLC now owns 56,828 shares of the company’s stock worth $2,850,000 after buying an additional 17,031 shares in the last quarter. Pettyjohn Wood & White Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF during the second quarter valued at $212,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of iShares U.S. Regional Banks ETF by 277,595.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 24,248,343 shares of the company’s stock valued at $1,115,335,000 after acquiring an additional 24,239,611 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in iShares U.S. Regional Banks ETF in the first quarter worth about $2,930,000.

iShares U.S. Regional Banks ETF Stock Performance

IAT traded down $0.56 during trading on Monday, reaching $55.97. 102,132 shares of the company traded hands, compared to its average volume of 317,063. iShares U.S. Regional Banks ETF has a 12-month low of $38.30 and a 12-month high of $56.77. The firm has a fifty day simple moving average of $52.26 and a 200 day simple moving average of $51.66. The company has a market cap of $624.07 million, a P/E ratio of 12.39 and a beta of 0.96.

About iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.