iShares U.S. Insurance ETF (NYSEARCA:IAK) Sees Large Growth in Short Interest

iShares U.S. Insurance ETF (NYSEARCA:IAKGet Free Report) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 37,296 shares, an increase of 84.5% from the January 15th total of 20,214 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 76,604 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 76,604 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the shares of the company are short sold.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock traded down $1.09 on Friday, hitting $134.52. 112,458 shares of the stock traded hands, compared to its average volume of 75,242. The company’s fifty day moving average is $134.38 and its 200 day moving average is $132.39. iShares U.S. Insurance ETF has a 1-year low of $119.23 and a 1-year high of $138.99. The company has a market capitalization of $430.46 million, a PE ratio of 14.11 and a beta of 0.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at $171,000. Marshall Wace LLP bought a new stake in iShares U.S. Insurance ETF in the 4th quarter valued at about $208,000. Martin & Co. Inc. TN lifted its position in iShares U.S. Insurance ETF by 3.3% in the 4th quarter. Martin & Co. Inc. TN now owns 27,912 shares of the company’s stock valued at $3,800,000 after purchasing an additional 898 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in iShares U.S. Insurance ETF by 86.4% during the 4th quarter. Arkadios Wealth Advisors now owns 7,289 shares of the company’s stock valued at $992,000 after purchasing an additional 3,378 shares during the period. Finally, Jane Street Group LLC bought a new position in iShares U.S. Insurance ETF in the 4th quarter worth about $2,187,000.

iShares U.S. Insurance ETF Company Profile

(Get Free Report)

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.

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