iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Down 88.9% in July

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,087 shares, a decline of 88.9% from the June 30th total of 18,862 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 40,916 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in iShares Self-Driving EV and Tech ETF by 5,617.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock worth $1,841,000 after buying an additional 47,695 shares in the last quarter. Jones Financial Companies Lllp grew its holdings 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 in the last quarter. Susquehanna International Group LLP increased its position in shares of iShares Self-Driving EV and Tech ETF by 21.2% in the third quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock valued at $1,945,000 after acquiring an additional 9,288 shares during the last quarter. Citadel Advisors LLC increased its position in shares of iShares Self-Driving EV and Tech ETF by 7.8% in the third quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock valued at $4,174,000 after acquiring an additional 8,214 shares during the last quarter. Finally, WealthSpring Partners LLC bought a new stake in iShares Self-Driving EV and Tech ETF during the fourth quarter worth about $214,000.

iShares Self-Driving EV and Tech ETF Price Performance

Shares of iShares Self-Driving EV and Tech ETF stock traded down $0.74 during trading hours on Friday, hitting $34.84. The company’s stock had a trading volume of 217,437 shares, compared to its average volume of 25,034. The company has a market capitalization of $121.94 million, a PE ratio of 11.61 and a beta of 1.27. The stock has a 50 day moving average of $39.65 and a 200 day moving average of $39.89. iShares Self-Driving EV and Tech ETF has a 12 month low of $31.88 and a 12 month high of $45.64.

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.