iShares U.S. Insurance ETF (NYSEARCA:IAK) Short Interest Update

iShares U.S. Insurance ETF (NYSEARCA:IAK) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 7,315 shares, a drop of 49.5% from the December 15th total of 14,492 shares. Based on an average daily volume of 34,764 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 34,764 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IAK. Jane Street Group LLC boosted its holdings in iShares U.S. Insurance ETF by 47.4% during the 1st quarter. Jane Street Group LLC now owns 23,906 shares of the company’s stock worth $3,294,000 after acquiring an additional 7,689 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its holdings in iShares U.S. Insurance ETF by 1.0% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 26,406 shares of the company’s stock worth $3,551,000 after purchasing an additional 256 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in iShares U.S. Insurance ETF by 84.3% during the second quarter. Farther Finance Advisors LLC now owns 553 shares of the company’s stock worth $74,000 after purchasing an additional 253 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in iShares U.S. Insurance ETF in the 2nd quarter worth about $1,032,000. Finally, Well Done LLC increased its stake in iShares U.S. Insurance ETF by 11.3% in the 2nd quarter. Well Done LLC now owns 41,990 shares of the company’s stock valued at $5,646,000 after buying an additional 4,263 shares during the last quarter.

iShares U.S. Insurance ETF Stock Down 0.3%

NYSEARCA:IAK traded down $0.41 during trading hours on Thursday, reaching $131.37. The company had a trading volume of 78,004 shares, compared to its average volume of 64,420. iShares U.S. Insurance ETF has a twelve month low of $119.23 and a twelve month high of $138.99. The firm has a market cap of $459.80 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. The business’s 50-day simple moving average is $134.47 and its two-hundred day simple moving average is $131.97.

About iShares U.S. Insurance ETF

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.