iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Up 199.9% in March

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 736,800 shares, an increase of 199.9% from the February 26th total of 245,721 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 672,706 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 672,706 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.7% of the company’s shares are sold short.

iShares Future AI & Tech ETF Price Performance

ARTY traded up $0.60 during trading hours on Wednesday, reaching $49.08. The company’s stock had a trading volume of 463,966 shares, compared to its average volume of 562,473. The stock has a market cap of $2.14 billion, a PE ratio of 32.81 and a beta of 1.20. iShares Future AI & Tech ETF has a fifty-two week low of $26.31 and a fifty-two week high of $54.79. The business’s 50-day moving average is $50.58 and its 200-day moving average is $48.75.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several large investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of iShares Future AI & Tech ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after purchasing an additional 18,891 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in iShares Future AI & Tech ETF in the 1st quarter valued at about $52,000. Jane Street Group LLC acquired a new position in iShares Future AI & Tech ETF in the first quarter valued at about $1,478,000. Franklin Resources Inc. acquired a new position in iShares Future AI & Tech ETF in the second quarter valued at about $53,000. Finally, Jefferies Financial Group Inc. boosted its stake in iShares Future AI & Tech ETF by 24.4% during the second quarter. Jefferies Financial Group Inc. now owns 8,249 shares of the company’s stock worth $338,000 after buying an additional 1,619 shares during the period.

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.