iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,885 shares, a decline of 42.7% from the August 15th total of 6,776 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 112,120 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF
A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in iShares Self-Driving EV and Tech ETF in the 2nd quarter worth about $104,000. Western Wealth Management LLC purchased a new position in shares of iShares Self-Driving EV and Tech ETF during the first quarter valued at approximately $42,000. WealthSpring Partners LLC purchased a new position in shares of iShares Self-Driving EV and Tech ETF during the fourth quarter valued at approximately $214,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after buying an additional 47,695 shares during the period.
iShares Self-Driving EV and Tech ETF Stock Performance
IDRV stock traded up $0.69 during mid-day trading on Thursday, reaching $35.27. 69,071 shares of the stock traded hands, compared to its average volume of 59,191. iShares Self-Driving EV and Tech ETF has a one year low of $34.35 and a one year high of $45.64. The stock has a market capitalization of $176.31 million, a PE ratio of 11.61 and a beta of 1.28. The business has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $39.09.
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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