iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 304,786 shares, a drop of 46.4% from the August 15th total of 568,762 shares. Based on an average daily volume of 462,386 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are sold short.
iShares Future AI & Tech ETF Stock Performance
Shares of iShares Future AI & Tech ETF stock traded up $2.22 on Thursday, hitting $74.95. The stock had a trading volume of 249,614 shares, compared to its average volume of 655,089. The stock has a 50 day moving average of $71.92 and a 200 day moving average of $65.65. iShares Future AI & Tech ETF has a twelve month low of $43.26 and a twelve month high of $81.85. The firm has a market capitalization of $3.93 billion, a P/E ratio of 32.81 and a beta of 1.52.
Hedge Funds Weigh In On iShares Future AI & Tech ETF
Large investors have recently modified their holdings of the business. Tidal Investments LLC bought a new position in iShares Future AI & Tech ETF during the 2nd quarter worth $1,092,000. Gemmer Asset Management LLC boosted its position in iShares Future AI & Tech ETF by 11.7% during the second quarter. Gemmer Asset Management LLC now owns 36,462 shares of the company’s stock valued at $2,777,000 after acquiring an additional 3,825 shares during the last quarter. Lotus Asset Management LLC acquired a new stake in iShares Future AI & Tech ETF during the 2nd quarter worth about $397,000. Integrated Wealth Concepts LLC grew its holdings in iShares Future AI & Tech ETF by 22.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,395 shares of the company’s stock worth $1,401,000 after acquiring an additional 3,375 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of iShares Future AI & Tech ETF by 359.5% in the 2nd quarter. NewEdge Advisors LLC now owns 35,106 shares of the company’s stock worth $2,674,000 after acquiring an additional 27,466 shares in the last quarter.
iShares Future AI & Tech ETF Company Profile
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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