iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Sees Significant Increase in Short Interest

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,900 shares, an increase of 86.9% from the July 15th total of 2,087 shares. Based on an average daily trading volume, of 31,941 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IDRV. Western Wealth Management LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF in the first quarter worth $42,000. Raymond James Financial Inc. acquired a new stake in shares of iShares Self-Driving EV and Tech ETF during the second quarter valued at $119,000. WealthSpring Partners LLC purchased a new stake in iShares Self-Driving EV and Tech ETF during the 4th quarter worth about $214,000. Osaic Holdings Inc. increased its position in iShares Self-Driving EV and Tech ETF by 7.1% during the 4th quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock worth $214,000 after purchasing an additional 375 shares in the last quarter. Finally, Creative Planning increased its position in iShares Self-Driving EV and Tech ETF by 14.0% during the 3rd quarter. Creative Planning now owns 8,092 shares of the company’s stock worth $297,000 after purchasing an additional 994 shares in the last quarter.

iShares Self-Driving EV and Tech ETF Stock Up 0.3%

Shares of iShares Self-Driving EV and Tech ETF stock traded up $0.11 on Monday, hitting $37.56. The company’s stock had a trading volume of 22,742 shares, compared to its average volume of 24,305. iShares Self-Driving EV and Tech ETF has a 52-week low of $34.33 and a 52-week high of $45.64. The firm has a fifty day moving average price of $37.53 and a 200-day moving average price of $39.56. The company has a market capitalization of $138.97 million, a P/E ratio of 11.61 and a beta of 1.27.

iShares Self-Driving EV and Tech ETF Company Profile

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.