iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Decline in Short Interest

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 106,512 shares, a decline of 68.0% from the September 15th total of 332,991 shares. Based on an average daily trading volume, of 435,353 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

iShares Future AI & Tech ETF Trading Down 4.9%

NYSEARCA:ARTY traded down $3.79 during trading hours on Wednesday, hitting $73.36. 441,405 shares of the company traded hands, compared to its average volume of 635,241. iShares Future AI & Tech ETF has a twelve month low of $43.26 and a twelve month high of $81.97. The firm has a 50-day moving average of $75.98 and a 200 day moving average of $69.59. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 32.81 and a beta of 1.53.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new stake in iShares Future AI & Tech ETF during the third quarter valued at approximately $349,000. Forvis Mazars Wealth Advisors LLC bought a new stake in shares of iShares Future AI & Tech ETF during the third quarter worth $500,000. Cascade Investment Group Inc. bought a new stake in shares of iShares Future AI & Tech ETF during the third quarter worth approximately $2,673,000. Avior Wealth Management LLC acquired a new position in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at $1,212,000. Finally, Go Invest LLC acquired a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at approximately $41,000.

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.