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 significant decline in short interest during the month of 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 company are sold short.

iShares Self-Driving EV and Tech ETF Trading Down 1.3%

NYSEARCA:IDRV traded down $0.45 during trading hours on Wednesday, hitting $34.58. 66,087 shares of the company traded hands, compared to its average volume of 59,136. The stock has a market capitalization of $172.87 million, a price-to-earnings ratio of 11.61 and a beta of 1.28. iShares Self-Driving EV and Tech ETF has a twelve month low of $34.35 and a twelve month high of $45.64. The firm has a 50-day moving average of $36.41 and a 200 day moving average of $39.09.

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

Several institutional investors and hedge funds have recently made changes to their positions in IDRV. Western Wealth Management LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF during the first quarter worth approximately $42,000. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF in the second quarter valued at approximately $104,000. WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF in the fourth quarter valued at approximately $214,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares Self-Driving EV and Tech ETF by 5,617.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock worth $1,841,000 after purchasing an additional 47,695 shares during the last quarter.

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.