iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sees Significant Decrease in Short Interest

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a significant drop in short interest in 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. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 2,383,251 shares, the short-interest ratio is presently 0.5 days.

iShares A.I. Innovation and Tech Active ETF Price Performance

Shares of NYSEARCA BAI traded up $1.25 during midday trading on Friday, reaching $49.05. 729,797 shares of the stock traded hands, compared to its average volume of 3,291,460. iShares A.I. Innovation and Tech Active ETF has a one year low of $30.82 and a one year high of $54.46. The company’s 50 day moving average is $44.50 and its 200 day moving average is $44.20. The stock has a market capitalization of $15.04 billion, a PE ratio of 45.43 and a beta of 2.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in iShares A.I. Innovation and Tech Active ETF by 89.3% during the fourth quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock valued at $540,633,000 after acquiring an additional 7,659,120 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of 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 purchasing an additional 456,830 shares during the period. Shah Wealth Advisors LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth about $20,622,000. Bank of New York Mellon Corp grew its holdings in iShares A.I. Innovation and Tech Active ETF by 13.2% during 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 purchasing an additional 339,018 shares during the last quarter. Finally, Blue Edge Capital LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter worth about $15,282,000.

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.