Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Expands By 476.5%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 882,955 shares, an increase of 476.5% from the March 31st total of 153,146 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average trading volume of 565,154 shares, the short-interest ratio is presently 1.6 days.

iShares Future AI & Tech ETF Stock Performance

NYSEARCA:ARTY traded up $1.87 during mid-day trading on Friday, reaching $62.08. The stock had a trading volume of 692,224 shares, compared to its average volume of 593,264. The business has a 50 day simple moving average of $51.15 and a 200 day simple moving average of $49.88. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. iShares Future AI & Tech ETF has a twelve month low of $31.38 and a twelve month high of $62.20.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its position in iShares Future AI & Tech ETF by 269.4% during the third quarter. SOA Wealth Advisors LLC. now owns 543 shares of the company’s stock worth $25,000 after purchasing an additional 396 shares in the last quarter. MMA Asset Management LLC purchased a new position in shares of iShares Future AI & Tech ETF in the third quarter valued at $25,000. Nemes Rush Group LLC increased its position in shares of iShares Future AI & Tech ETF by 333.3% in the fourth quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock valued at $26,000 after buying an additional 410 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of iShares Future AI & Tech ETF by 61.8% during the 4th quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after buying an additional 218 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of iShares Future AI & Tech ETF by 525.0% during the 3rd quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after buying an additional 525 shares during the last quarter.

iShares Future AI & Tech ETF Company Profile

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.