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

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 12,922 shares, a decrease of 64.7% from the September 30th total of 36,557 shares. Based on an average daily volume of 49,105 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

iShares Self-Driving EV and Tech ETF Stock Performance

IDRV stock traded down $0.50 during mid-day trading on Friday, hitting $30.21. The company had a trading volume of 45,414 shares, compared to its average volume of 83,676. The firm has a market cap of $117.82 million, a PE ratio of 11.61 and a beta of 1.30. iShares Self-Driving EV and Tech ETF has a 12 month low of $29.95 and a 12 month high of $45.64. The stock’s fifty day moving average price is $34.08 and its two-hundred day moving average price is $38.16.

Institutional Investors Weigh In On iShares Self-Driving EV and Tech ETF

A hedge fund recently bought a new stake in iShares Self-Driving EV and Tech ETF stock. Western Wealth Management LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,099 shares of the company’s stock, valued at approximately $42,000.

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.