Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Rises By 90.6%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 485,705 shares, an increase of 90.6% from the June 15th total of 254,814 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 814,210 shares, the days-to-cover ratio is currently 0.6 days.

iShares Future AI & Tech ETF Trading Down 0.9%

Shares of NYSEARCA:ARTY opened at $65.43 on Friday. iShares Future AI & Tech ETF has a 12-month low of $40.56 and a 12-month high of $81.85. The business has a 50 day moving average of $72.03 and a two-hundred day moving average of $59.09. The company has a market capitalization of $3.43 billion, a PE ratio of 32.81 and a beta of 1.49.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Future AI & Tech ETF by 744.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after buying an additional 1,063,439 shares in the last quarter. Hancock Prospecting Pty Ltd purchased a new stake in shares of iShares Future AI & Tech ETF during the 3rd quarter worth about $48,307,000. Ameriprise Financial Inc. boosted its stake in shares of iShares Future AI & Tech ETF by 85.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock worth $60,639,000 after acquiring an additional 608,816 shares in the last quarter. Assetmark Inc. grew its position in shares of iShares Future AI & Tech ETF by 1,433.3% during the 4th quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after acquiring an additional 590,228 shares during the period. Finally, Bank of America Corp DE grew its position in shares of iShares Future AI & Tech ETF by 35.9% during the 3rd quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after acquiring an additional 305,380 shares during the period.

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.