iShares U.S. Aerospace & Defense ETF (BATS:ITA) Short Interest Update

iShares U.S. Aerospace & Defense ETF (BATS:ITA) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,550,216 shares, a growth of 51.5% from the July 15th total of 1,023,349 shares. Based on an average trading volume of 731,520 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.5% of the shares of the company are sold short.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS:ITA opened at $252.16 on Wednesday. iShares U.S. Aerospace & Defense ETF has a 1 year low of $191.82 and a 1 year high of $256.60. The stock’s fifty day moving average price is $241.21 and its two-hundred day moving average price is $233.57. The company has a market cap of $11.10 billion, a P/E ratio of 34.35 and a beta of 0.87.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 447.6% in the first quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 395.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 95 shares during the period. Clearstead Trust LLC purchased a new position in iShares U.S. Aerospace & Defense ETF during the first quarter valued at approximately $28,000. GHP Investment Advisors Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $30,000. Finally, SHP Wealth Management bought a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth approximately $35,000.

iShares U.S. Aerospace & Defense ETF Company Profile

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.