iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 106,512 shares, a drop of 68.0% from the September 15th total of 332,991 shares. Based on an average daily trading volume, of 435,353 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On iShares Future AI & Tech ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steelhead Wealth Management LLC bought a new position in iShares Future AI & Tech ETF in the first quarter worth $2,684,000. Independent Financial Group LLC purchased a new position in iShares Future AI & Tech ETF during the first quarter valued at $2,569,000. Bank of America Corp DE lifted its position in iShares Future AI & Tech ETF by 2.5% during the first quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock valued at $64,145,000 after buying an additional 33,575 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of iShares Future AI & Tech ETF by 50.3% during the 1st quarter. Kestra Advisory Services LLC now owns 94,027 shares of the company’s stock valued at $4,375,000 after buying an additional 31,482 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of iShares Future AI & Tech ETF by 27.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 139,001 shares of the company’s stock valued at $10,586,000 after buying an additional 29,635 shares in the last quarter.
iShares Future AI & Tech ETF Stock Down 1.9%
Shares of NYSEARCA:ARTY traded down $1.50 during trading on Monday, hitting $77.65. The stock had a trading volume of 199,458 shares, compared to its average volume of 636,790. iShares Future AI & Tech ETF has a 12 month low of $43.26 and a 12 month high of $81.97. The company has a market capitalization of $4.19 billion, a PE ratio of 32.81 and a beta of 1.53. The firm’s fifty day moving average is $75.73 and its 200 day moving average is $69.18.
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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