iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Update

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 3,900 shares, an increase of 86.9% from the July 15th total of 2,087 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 31,941 shares, the days-to-cover ratio is presently 0.1 days.

iShares Self-Driving EV and Tech ETF Stock Down 1.8%

Shares of NYSEARCA IDRV opened at $36.76 on Tuesday. The stock’s fifty day simple moving average is $37.53 and its 200 day simple moving average is $39.56. The stock has a market capitalization of $136.01 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 $34.33 and a 52-week high of $45.64.

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

A number of institutional investors have recently bought and sold shares of IDRV. Western Wealth Management LLC purchased a new stake in iShares Self-Driving EV and Tech ETF during the first quarter valued at about $42,000. Osaic Holdings Inc. boosted its holdings in shares of iShares Self-Driving EV and Tech ETF by 7.1% in the fourth quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock worth $214,000 after buying an additional 375 shares during the period. WealthSpring Partners LLC purchased a new position in shares of iShares Self-Driving EV and Tech ETF in the fourth quarter worth approximately $214,000. Northwestern Mutual Wealth Management Co. increased its position 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 worth $1,841,000 after acquiring an additional 47,695 shares in the last quarter. Finally, Biltmore Family Office LLC raised its holdings in shares of iShares Self-Driving EV and Tech ETF by 8.3% during the fourth quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,939 shares during the period.

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.