iShares Future AI & Tech ETF (NYSEARCA:ARTY) Stock Short Interest Climbs 144.8%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 307,931 shares, a growth of 144.8% from the October 15th total of 125,806 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 497,674 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of iShares Future AI & Tech ETF

A number of institutional investors have recently made changes to their positions in ARTY. Steward Partners Investment Advisory LLC increased its stake in shares of iShares Future AI & Tech ETF by 7.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 44,602 shares of the company’s stock worth $3,493,000 after buying an additional 2,934 shares during the period. Insigneo Advisory Services LLC raised its holdings in iShares Future AI & Tech ETF by 67.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 25,889 shares of the company’s stock valued at $2,028,000 after buying an additional 10,413 shares during the last quarter. Southeast Asset Advisors LLC purchased a new stake in iShares Future AI & Tech ETF during the 3rd quarter valued at $291,000. Independent Family Office LLC purchased a new stake in iShares Future AI & Tech ETF during the 3rd quarter valued at $858,000. Finally, Private Advisor Group LLC bought a new stake in iShares Future AI & Tech ETF in the 3rd quarter worth $11,827,000.

iShares Future AI & Tech ETF Stock Performance

ARTY traded down $1.46 on Friday, hitting $65.60. 327,699 shares of the company were exchanged, compared to its average volume of 636,098. The firm has a fifty day simple moving average of $73.31 and a two-hundred day simple moving average of $65.62. iShares Future AI & Tech ETF has a 12 month low of $43.26 and a 12 month high of $81.97. The stock has a market capitalization of $3.50 billion, a PE ratio of 21.22 and a beta of 1.57.

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.