iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Unusually-High Trading Volume – What’s Next?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw unusually-high trading volume on Wednesday . Approximately 367,919 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 337,146 shares.The stock last traded at $33.77 and had previously closed at $34.65.

iShares Future AI & Tech ETF Stock Down 2.5 %

The business’s 50-day moving average is $37.23 and its two-hundred day moving average is $36.49. The company has a market capitalization of $794.13 million, a P/E ratio of 31.44 and a beta of 1.12.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several hedge funds have recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new stake in shares of iShares Future AI & Tech ETF during the fourth quarter valued at approximately $39,000. Continuum Advisory LLC bought a new position in iShares Future AI & Tech ETF in the 4th quarter valued at $44,000. Sunbelt Securities Inc. purchased a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter valued at $76,000. WCG Wealth Advisors LLC bought a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth $461,000. Finally, Wolf Group Capital Advisors purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth about $484,000.

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.