iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Up 232.9% in January

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 513,327 shares, a growth of 232.9% from the January 15th total of 154,220 shares. Based on an average trading volume of 564,782 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 564,782 shares, the short-interest ratio is currently 0.9 days.

iShares Future AI & Tech ETF Stock Performance

iShares Future AI & Tech ETF stock traded up $0.27 during trading on Friday, reaching $51.06. The company had a trading volume of 620,967 shares, compared to its average volume of 567,232. iShares Future AI & Tech ETF has a 12-month low of $26.31 and a 12-month high of $54.79. The stock’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $47.31. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 32.81 and a beta of 1.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Shira Ridge Wealth Management acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter worth approximately $755,000. Wealth Management Associates Inc. acquired a new position in iShares Future AI & Tech ETF during the third quarter valued at approximately $918,000. CW Advisors LLC purchased a new stake in iShares Future AI & Tech ETF during the second quarter worth approximately $678,000. Osaic Holdings Inc. grew its stake in iShares Future AI & Tech ETF by 111.3% during the second quarter. Osaic Holdings Inc. now owns 230,740 shares of the company’s stock worth $9,321,000 after buying an additional 121,546 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of iShares Future AI & Tech ETF by 0.8% in the second quarter. TD Waterhouse Canada Inc. now owns 314,996 shares of the company’s stock worth $12,720,000 after acquiring an additional 2,588 shares in the last quarter.

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.