Short Interest in iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Drops By 69.5%

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 21,050 shares, a decrease of 69.5% from the May 31st total of 68,942 shares. Based on an average trading volume of 44,960 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the company’s shares are short sold.

iShares Self-Driving EV and Tech ETF Trading Down 1.6%

iShares Self-Driving EV and Tech ETF stock traded down $0.59 during mid-day trading on Friday, hitting $36.90. The company’s stock had a trading volume of 6,303 shares, compared to its average volume of 23,066. The stock’s fifty day moving average is $42.40 and its two-hundred day moving average is $40.11. The firm has a market capitalization of $136.53 million, a PE ratio of 11.61 and a beta of 1.25. iShares Self-Driving EV and Tech ETF has a 1 year low of $30.48 and a 1 year high of $45.64.

Institutional Trading of iShares Self-Driving EV and Tech ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IDRV. Royal Bank of Canada lifted its position in iShares Self-Driving EV and Tech ETF by 5.3% in the first quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock valued at $364,000 after buying an additional 626 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of iShares Self-Driving EV and Tech ETF by 237.6% in the 1st quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock valued at $769,000 after acquiring an additional 18,522 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares Self-Driving EV and Tech ETF in the 2nd quarter worth approximately $119,000. UBS Group AG boosted its position in shares of iShares Self-Driving EV and Tech ETF by 10.2% during the 3rd quarter. UBS Group AG now owns 54,704 shares of the company’s stock worth $2,006,000 after purchasing an additional 5,057 shares during the period. Finally, Creative Planning boosted its position in shares of 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 during the period.

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.