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

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 485,705 shares, an increase of 90.6% from the June 15th total of 254,814 shares. Based on an average daily volume of 814,210 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Trading of iShares Future AI & Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in iShares Future AI & Tech ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock valued at $4,104,000 after purchasing an additional 18,891 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the 1st quarter worth approximately $52,000. Jane Street Group LLC bought a new position in shares of iShares Future AI & Tech ETF during the first quarter valued at approximately $1,478,000. Franklin Resources Inc. bought a new position in shares of iShares Future AI & Tech ETF during the second quarter valued at approximately $53,000. Finally, Russell Investments Group Ltd. purchased a new position in iShares Future AI & Tech ETF during the second quarter valued at approximately $92,000.

iShares Future AI & Tech ETF Stock Performance

NYSEARCA ARTY traded down $0.62 on Friday, reaching $65.43. 1,103,279 shares of the stock traded hands, compared to its average volume of 720,875. The company has a fifty day moving average price of $72.03 and a 200-day moving average price of $59.09. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 12 month low of $40.56 and a 12 month high of $81.85.

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.