iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Sees Significant Drop in Short Interest

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a significant decline in short interest in the month of 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. Based on an average trading volume of 40,916 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

iShares Self-Driving EV and Tech ETF Stock Performance

Shares of NYSEARCA IDRV traded down $0.74 during trading hours on Friday, reaching $34.84. 217,437 shares of the stock were exchanged, compared to its average volume of 25,034. The firm has a market capitalization of $121.94 million, a price-to-earnings ratio of 11.61 and a beta of 1.27. iShares Self-Driving EV and Tech ETF has a 52 week low of $31.88 and a 52 week high of $45.64. The stock’s fifty day simple moving average is $39.65 and its 200 day simple moving average is $39.89.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDRV. Western Wealth Management LLC bought a new stake in iShares Self-Driving EV and Tech ETF in the 1st quarter valued at about $42,000. Osaic Holdings Inc. increased its holdings in shares of iShares Self-Driving EV and Tech ETF by 7.1% during the fourth quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock worth $214,000 after purchasing an additional 375 shares during the period. WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF in the fourth quarter valued at approximately $214,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after buying an additional 47,695 shares during the period. Finally, Biltmore Family Office LLC boosted its stake in shares of iShares Self-Driving EV and Tech ETF by 8.3% in the fourth quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock valued at $1,455,000 after buying an additional 2,939 shares during the period.

iShares Self-Driving EV and Tech ETF Company Profile

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.