iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 485,705 shares, a growth of 90.6% from the June 15th total of 254,814 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 814,210 shares, the short-interest ratio is currently 0.6 days.
iShares Future AI & Tech ETF Stock Performance
Shares of NYSEARCA:ARTY traded down $2.75 on Thursday, hitting $66.02. The company’s stock had a trading volume of 520,436 shares, compared to its average volume of 717,425. iShares Future AI & Tech ETF has a 12 month low of $40.56 and a 12 month high of $81.85. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 32.81 and a beta of 1.49. The stock’s 50-day moving average is $72.10 and its two-hundred day moving average is $58.92.
Hedge Funds Weigh In On iShares Future AI & Tech ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riverbend Wealth Management LLC lifted its position in shares of iShares Future AI & Tech ETF by 4.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 4,416 shares of the company’s stock valued at $205,000 after acquiring an additional 179 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after purchasing an additional 218 shares during the period. Blue Trust Inc. raised its position 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 worth $34,000 after purchasing an additional 219 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of iShares Future AI & Tech ETF by 23.1% during the first quarter. AdvisorNet Financial Inc now owns 1,281 shares of the company’s stock valued at $60,000 after purchasing an additional 240 shares during the last quarter. Finally, WCG Wealth Advisors LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 2.1% during the third quarter. WCG Wealth Advisors LLC now owns 12,156 shares of the company’s stock valued at $557,000 after purchasing an additional 248 shares during 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.
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