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

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 664,654 shares, an increase of 78.8% from the May 14th total of 371,731 shares. Based on an average trading volume of 913,856 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the shares of the stock are short sold.

iShares Future AI & Tech ETF Trading Down 3.0%

ARTY traded down $2.31 on Tuesday, reaching $75.06. The stock had a trading volume of 1,045,112 shares, compared to its average volume of 723,196. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 32.81 and a beta of 1.50. iShares Future AI & Tech ETF has a fifty-two week low of $37.93 and a fifty-two week high of $81.85. The firm has a 50-day moving average of $64.99 and a 200-day moving average of $55.01.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of institutional investors have recently added to or reduced their stakes in ARTY. BCS Wealth Management bought a new stake in shares of iShares Future AI & Tech ETF in the 4th quarter valued at $496,000. Stratos Wealth Partners LTD. grew its holdings in iShares Future AI & Tech ETF by 11.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 224,766 shares of the company’s stock worth $10,829,000 after purchasing an additional 22,494 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in iShares Future AI & Tech ETF in the fourth quarter worth $522,000. Avestar Capital LLC bought a new stake in iShares Future AI & Tech ETF in the third quarter valued at $2,088,000. Finally, Cora Capital Advisors LLC boosted its position in shares of iShares Future AI & Tech ETF by 39.4% during the 3rd quarter. Cora Capital Advisors LLC now owns 74,669 shares of the company’s stock worth $3,418,000 after purchasing an additional 21,111 shares in the last quarter.

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.