iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Update

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,776 shares, an increase of 73.7% from the July 30th total of 3,900 shares. Based on an average daily volume of 16,167 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

iShares Self-Driving EV and Tech ETF Stock Performance

Shares of IDRV traded up $0.12 during trading hours on Monday, reaching $37.10. 4,416 shares of the company traded hands, compared to its average volume of 29,959. The stock’s fifty day moving average is $36.87 and its 200 day moving average is $39.45. iShares Self-Driving EV and Tech ETF has a 1-year low of $34.35 and a 1-year high of $45.64. The stock has a market cap of $137.27 million, a P/E ratio of 11.61 and a beta of 1.27.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

Several large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF during the 1st quarter worth approximately $42,000. Osaic Holdings Inc. raised its stake in shares of iShares Self-Driving EV and Tech ETF by 7.1% in the 4th quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock valued at $214,000 after buying an additional 375 shares in the last quarter. WealthSpring Partners LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF in the 4th quarter valued at $214,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock worth $1,841,000 after acquiring an additional 47,695 shares during the period. Finally, Biltmore Family Office LLC boosted its position in shares of iShares Self-Driving EV and Tech ETF by 8.3% during the 4th quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,939 shares in the last quarter.

About iShares Self-Driving EV and Tech ETF

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.