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

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 12,922 shares, a decline of 64.7% from the September 30th total of 36,557 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 49,105 shares, the short-interest ratio is currently 0.3 days.

iShares Self-Driving EV and Tech ETF Stock Performance

Shares of NYSEARCA:IDRV traded down $0.49 during trading hours on Thursday, hitting $30.71. The stock had a trading volume of 26,870 shares, compared to its average volume of 83,860. The stock’s fifty day simple moving average is $34.08 and its 200 day simple moving average is $38.16. iShares Self-Driving EV and Tech ETF has a 1-year low of $30.09 and a 1-year high of $45.64. The firm has a market capitalization of $119.77 million, a price-to-earnings ratio of 11.61 and a beta of 1.30.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

An institutional investor recently bought a new stake in iShares Self-Driving EV and Tech ETF stock. Western Wealth Management LLC purchased a new position in shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,099 shares of the company’s stock, valued at approximately $42,000.

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.