Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Decreases By 46.4%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 304,786 shares, a drop of 46.4% from the August 15th total of 568,762 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 462,386 shares, the days-to-cover ratio is presently 0.7 days.

iShares Future AI & Tech ETF Stock Down 0.5%

iShares Future AI & Tech ETF stock traded down $0.37 during mid-day trading on Tuesday, hitting $72.23. 204,214 shares of the company’s stock were exchanged, compared to its average volume of 658,297. The firm has a market capitalization of $3.78 billion, a P/E ratio of 32.81 and a beta of 1.52. iShares Future AI & Tech ETF has a fifty-two week low of $43.26 and a fifty-two week high of $81.85. The company’s 50 day simple moving average is $71.85 and its 200-day simple moving average is $65.36.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of large investors have recently bought and sold shares of ARTY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Future AI & Tech ETF by 73.6% in the 4th 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 during the period. Bank of America Corp DE grew its stake in iShares Future AI & Tech ETF by 2.5% during the first quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock worth $64,145,000 after purchasing an additional 33,575 shares during the period. HighTower Advisors LLC grew its stake in iShares Future AI & Tech ETF by 29.7% during the fourth quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock worth $12,291,000 after purchasing an additional 58,451 shares during the period. Royal Bank of Canada increased its holdings in iShares Future AI & Tech ETF by 12.2% in the first quarter. Royal Bank of Canada now owns 198,243 shares of the company’s stock worth $9,225,000 after purchasing an additional 21,583 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in iShares Future AI & Tech ETF by 8.7% in the first quarter. Cetera Investment Advisers now owns 157,217 shares of the company’s stock worth $7,315,000 after purchasing an additional 12,626 shares in the last quarter.

About iShares Future AI & Tech ETF

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.