iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Down 42.7% in August

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 3,885 shares, a decline of 42.7% from the August 15th total of 6,776 shares. Based on an average daily trading volume, of 112,120 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

A number of hedge funds have recently made changes to their positions in IDRV. Integrated Wealth Concepts LLC purchased a new position in iShares Self-Driving EV and Tech ETF in the 2nd quarter worth approximately $104,000. Western Wealth Management LLC purchased a new stake in iShares Self-Driving EV and Tech ETF during the 1st quarter valued at approximately $42,000. WealthSpring Partners LLC purchased a new stake in iShares Self-Driving EV and Tech ETF during the 4th quarter valued at approximately $214,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during 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 last quarter.

iShares Self-Driving EV and Tech ETF Stock Performance

Shares of iShares Self-Driving EV and Tech ETF stock opened at $35.27 on Friday. iShares Self-Driving EV and Tech ETF has a fifty-two week low of $34.35 and a fifty-two week high of $45.64. The company has a market capitalization of $176.31 million, a P/E ratio of 11.61 and a beta of 1.28. The company has a fifty day moving average of $36.38 and a 200 day moving average of $39.05.

About iShares Self-Driving EV and Tech ETF

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.