iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 568,762 shares, a growth of 128.1% from the July 30th total of 249,344 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 391,577 shares, the days-to-cover ratio is currently 1.5 days.
iShares Future AI & Tech ETF Stock Down 1.5%
ARTY traded down $1.16 during midday trading on Friday, hitting $74.57. The company had a trading volume of 328,038 shares, compared to its average volume of 675,946. The stock’s 50 day moving average price is $71.73 and its 200 day moving average price is $63.36. iShares Future AI & Tech ETF has a 52 week low of $41.34 and a 52 week high of $81.85. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 32.81 and a beta of 1.51.
Institutional Trading of iShares Future AI & Tech ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in iShares Future AI & Tech ETF in the second quarter worth approximately $25,000. Nemes Rush Group LLC increased its holdings in shares of iShares Future AI & Tech ETF by 333.3% during the fourth quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock valued at $26,000 after acquiring an additional 410 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of iShares Future AI & Tech ETF by 43.3% during the first quarter. Blue Trust Inc. now owns 725 shares of the company’s stock valued at $34,000 after acquiring an additional 219 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of iShares Future AI & Tech ETF by 73.2% during the third quarter. Aptus Capital Advisors LLC now owns 776 shares of the company’s stock worth $36,000 after purchasing an additional 328 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in shares of iShares Future AI & Tech ETF during the fourth quarter worth approximately $39,000.
About iShares Future AI & Tech ETF
The iShares Future AI & Tech ETF (ARTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a concentrated index of global companies that provide products and services that are expected to contribute to artificial intelligence technologies. Holdings are selected and weighted based on a modified market-cap. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.
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