iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,087 shares, a decrease of 88.9% from the June 30th total of 18,862 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 40,916 shares, the short-interest ratio is presently 0.1 days.
iShares Self-Driving EV and Tech ETF Stock Performance
IDRV stock traded up $0.16 during midday trading on Monday, hitting $35.00. 10,887 shares of the stock were exchanged, compared to its average volume of 24,927. The stock’s 50-day moving average price is $39.65 and its 200-day moving average price is $39.89. The stock has a market cap of $122.50 million, a price-to-earnings ratio of 11.61 and a beta of 1.27. iShares Self-Driving EV and Tech ETF has a fifty-two week low of $31.88 and a fifty-two week high of $45.64.
Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF
Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in shares of iShares Self-Driving EV and Tech ETF by 7.8% during the 3rd quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock worth $4,174,000 after purchasing an additional 8,214 shares during the last quarter. UBS Group AG increased its position in iShares Self-Driving EV and Tech ETF by 10.2% during the third quarter. UBS Group AG now owns 54,704 shares of the company’s stock worth $2,006,000 after purchasing an additional 5,057 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in iShares Self-Driving EV and Tech ETF by 21.2% in the third quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock valued at $1,945,000 after acquiring an additional 9,288 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after purchasing an additional 47,695 shares in the last quarter. Finally, Biltmore Family Office LLC grew its stake in iShares Self-Driving EV and Tech ETF by 8.3% during the fourth quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock worth $1,455,000 after buying an additional 2,939 shares during the period.
About iShares Self-Driving EV and Tech ETF
The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.
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