iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Significant Growth in Short Interest

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 568,762 shares, an increase of 128.1% from the July 30th total of 249,344 shares. Based on an average daily trading volume, of 391,577 shares, the short-interest ratio is currently 1.5 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several large investors have recently added to or reduced their stakes in ARTY. Morgan Stanley boosted its stake in iShares Future AI & Tech ETF by 9.9% during the 4th quarter. Morgan Stanley now owns 2,610,430 shares of the company’s stock valued at $125,771,000 after purchasing an additional 234,478 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Future AI & Tech ETF by 73.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock valued at $100,901,000 after purchasing an additional 888,045 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares Future AI & Tech ETF by 2.5% in the first quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock valued at $64,145,000 after purchasing an additional 33,575 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares Future AI & Tech ETF by 85.1% during the third quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after buying an additional 608,816 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of iShares Future AI & Tech ETF by 13.4% during the fourth quarter. LPL Financial LLC now owns 1,112,697 shares of the company’s stock valued at $53,610,000 after buying an additional 131,297 shares during the last quarter.

iShares Future AI & Tech ETF Stock Performance

Shares of iShares Future AI & Tech ETF stock traded down $1.16 during trading hours on Friday, reaching $74.57. The company’s stock had a trading volume of 328,038 shares, compared to its average volume of 675,946. The company has a market capitalization of $3.91 billion, a P/E ratio of 32.81 and a beta of 1.51. The stock’s fifty day simple moving average is $71.73 and its two-hundred day simple moving average is $63.36. iShares Future AI & Tech ETF has a one year low of $41.34 and a one year high of $81.85.

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.