iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Sees Significant Growth in Short Interest

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 36,557 shares, an increase of 713.5% from the September 15th total of 4,494 shares. Based on an average daily trading volume, of 135,915 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

iShares Self-Driving EV and Tech ETF Stock Up 1.0%

Shares of NYSEARCA:IDRV opened at $33.34 on Friday. The firm has a fifty day moving average of $35.60 and a two-hundred day moving average of $38.58. iShares Self-Driving EV and Tech ETF has a 12-month low of $32.40 and a 12-month high of $45.64. The firm has a market capitalization of $263.39 million, a P/E ratio of 11.61 and a beta of 1.30.

Institutional Trading of iShares Self-Driving EV and Tech ETF

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in iShares Self-Driving EV and Tech ETF in the second quarter worth approximately $104,000. Western Wealth Management LLC acquired a new stake in iShares Self-Driving EV and Tech ETF in the first quarter valued at approximately $42,000. Finally, WealthSpring Partners LLC acquired a new stake in iShares Self-Driving EV and Tech ETF in the fourth quarter valued at approximately $214,000.

About iShares Self-Driving EV and Tech ETF

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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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