Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Drops By 53.2%

iShares Future AI & Tech ETF (NYSEARCA:ARTYGet Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 227,270 shares, a decline of 53.2% from the June 30th total of 485,705 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 583,439 shares, the days-to-cover ratio is presently 0.4 days.

iShares Future AI & Tech ETF Stock Performance

Shares of iShares Future AI & Tech ETF stock traded down $2.56 on Wednesday, reaching $61.33. 685,948 shares of the stock were exchanged, compared to its average volume of 708,623. The firm’s 50 day moving average is $72.00 and its 200-day moving average is $60.12. The firm has a market cap of $3.21 billion, a PE ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a one year low of $40.56 and a one year high of $81.85.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of large investors have recently modified their holdings of ARTY. Royal Bank of Canada lifted 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 buying an additional 18,891 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in iShares Future AI & Tech ETF in the first quarter valued at about $52,000. Jane Street Group LLC bought a new position in iShares Future AI & Tech ETF in the first quarter valued at about $1,478,000. Franklin Resources Inc. bought a new position in iShares Future AI & Tech ETF in the second quarter valued at about $53,000. Finally, Russell Investments Group Ltd. acquired a new position in iShares Future AI & Tech ETF during the second quarter worth about $92,000.

iShares Future AI & Tech ETF Company Profile

(Get Free Report)

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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