iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Update

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 357,729 shares, a decline of 59.5% from the April 15th total of 882,955 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 727,173 shares, the days-to-cover ratio is currently 0.5 days.

iShares Future AI & Tech ETF Trading Up 1.6%

Shares of NYSEARCA:ARTY traded up $1.07 during mid-day trading on Thursday, reaching $68.84. The company had a trading volume of 199,719 shares, compared to its average volume of 636,215. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 32.81 and a beta of 1.46. The company’s 50-day moving average price is $54.23 and its 200-day moving average price is $51.19. iShares Future AI & Tech ETF has a one year low of $35.72 and a one year high of $69.78.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in iShares Future AI & Tech ETF by 8.7% during the 1st quarter. Cetera Investment Advisers now owns 157,217 shares of the company’s stock valued at $7,315,000 after acquiring an additional 12,626 shares during the period. Independent Financial Group LLC bought a new stake in iShares Future AI & Tech ETF during the 1st quarter valued at $2,569,000. Sanctuary Advisors LLC raised its holdings in iShares Future AI & Tech ETF by 13.3% during the 1st quarter. Sanctuary Advisors LLC now owns 23,254 shares of the company’s stock valued at $1,082,000 after acquiring an additional 2,737 shares during the period. Valmark Advisers Inc. bought a new stake in iShares Future AI & Tech ETF during the 1st quarter valued at $259,000. Finally, Fifth Third Bancorp raised its holdings in iShares Future AI & Tech ETF by 491.1% during the 1st quarter. Fifth Third Bancorp now owns 8,459 shares of the company’s stock valued at $394,000 after acquiring an additional 7,028 shares during the period.

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.