Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Rises By 78.8%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 664,654 shares, an increase of 78.8% from the May 14th total of 371,731 shares. Based on an average daily volume of 913,856 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.4% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of institutional investors have recently modified their holdings of the company. BCS Wealth Management bought a new stake in iShares Future AI & Tech ETF in the 4th quarter valued at $496,000. Stratos Wealth Partners LTD. increased its holdings in iShares Future AI & Tech ETF by 11.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 224,766 shares of the company’s stock valued at $10,829,000 after buying an additional 22,494 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in iShares Future AI & Tech ETF in the 4th quarter valued at $522,000. Avestar Capital LLC bought a new stake in iShares Future AI & Tech ETF in the 3rd quarter valued at $2,088,000. Finally, Cora Capital Advisors LLC increased its holdings in iShares Future AI & Tech ETF by 39.4% in the 3rd quarter. Cora Capital Advisors LLC now owns 74,669 shares of the company’s stock valued at $3,418,000 after buying an additional 21,111 shares during the period.

iShares Future AI & Tech ETF Stock Up 5.6%

Shares of NYSEARCA:ARTY traded up $4.12 during trading on Monday, reaching $77.39. The stock had a trading volume of 662,172 shares, compared to its average volume of 720,937. iShares Future AI & Tech ETF has a 52 week low of $37.93 and a 52 week high of $81.85. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 32.81 and a beta of 1.50. The stock has a fifty day simple moving average of $64.40 and a two-hundred day simple moving average of $54.79.

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.