Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Expands By 208.7%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 646,474 shares, a growth of 208.7% from the November 30th total of 209,405 shares. Based on an average trading volume of 385,340 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.6% of the shares of the stock are short sold. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 385,340 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the first quarter valued at $448,000. Raymond James Financial Inc. boosted its stake in iShares Future AI & Tech ETF by 81.2% in the 1st quarter. Raymond James Financial Inc. now owns 125,537 shares of the company’s stock worth $3,948,000 after buying an additional 56,246 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in iShares Future AI & Tech ETF in the 1st quarter valued at about $1,148,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of iShares Future AI & Tech ETF during the 1st quarter valued at about $674,000. Finally, Comerica Bank acquired a new position in shares of iShares Future AI & Tech ETF during the 1st quarter valued at about $125,000.

iShares Future AI & Tech ETF Trading Up 0.2%

Shares of ARTY stock opened at $48.61 on Friday. The firm has a 50-day moving average price of $48.21 and a 200 day moving average price of $44.88. iShares Future AI & Tech ETF has a twelve month low of $26.31 and a twelve month high of $51.79. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 32.81 and a beta of 1.20.

About iShares Future AI & Tech ETF

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.