Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Decreases By 46.4%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 304,786 shares, a drop of 46.4% from the August 15th total of 568,762 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 462,386 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. acquired a new stake in iShares Future AI & Tech ETF during the 4th quarter worth approximately $382,000. HighTower Advisors LLC increased its position in iShares Future AI & Tech ETF by 29.7% in the 4th quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock valued at $12,291,000 after acquiring an additional 58,451 shares during the period. Wealth Management Partners LLC raised its stake in shares of iShares Future AI & Tech ETF by 18.8% during the first quarter. Wealth Management Partners LLC now owns 61,658 shares of the company’s stock valued at $2,869,000 after acquiring an additional 9,772 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Future AI & Tech ETF by 73.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock valued at $100,901,000 after acquiring an additional 888,045 shares during the last quarter. Finally, Cora Capital Advisors LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 10.7% during the first quarter. Cora Capital Advisors LLC now owns 88,481 shares of the company’s stock worth $4,117,000 after purchasing an additional 8,559 shares during the period.

iShares Future AI & Tech ETF Stock Up 1.0%

Shares of ARTY traded up $0.75 during midday trading on Wednesday, hitting $72.73. The company’s stock had a trading volume of 376,706 shares, compared to its average volume of 657,476. iShares Future AI & Tech ETF has a one year low of $43.26 and a one year high of $81.85. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 32.81 and a beta of 1.52. The company’s fifty day simple moving average is $71.89 and its two-hundred day simple moving average is $65.50.

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.