iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Down 61.7% in June

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 254,814 shares, a decline of 61.7% from the May 31st total of 664,654 shares. Based on an average daily volume of 1,243,605 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

iShares Future AI & Tech ETF Trading Down 3.3%

Shares of ARTY stock opened at $72.28 on Friday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 32.81 and a beta of 1.50. The stock has a 50 day simple moving average of $69.35 and a 200-day simple moving average of $56.71. iShares Future AI & Tech ETF has a 12-month low of $39.97 and a 12-month high of $81.85.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ARTY. Western Wealth Management LLC increased its holdings in shares of iShares Future AI & Tech ETF by 55.0% in the 1st quarter. Western Wealth Management LLC now owns 7,145 shares of the company’s stock valued at $332,000 after purchasing an additional 2,536 shares in the last quarter. Steelhead Wealth Management LLC purchased a new stake in iShares Future AI & Tech ETF during the first quarter worth about $2,684,000. Bank of America Corp DE boosted its holdings in iShares Future AI & Tech ETF by 2.5% during the first quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock worth $64,145,000 after buying an additional 33,575 shares in the last quarter. Alexander Labrunerie & CO. Inc. boosted its holdings in iShares Future AI & Tech ETF by 7.9% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 110,731 shares of the company’s stock worth $5,152,000 after buying an additional 8,066 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in iShares Future AI & Tech ETF by 1.1% during the first quarter. Arkadios Wealth Advisors now owns 32,232 shares of the company’s stock worth $1,500,000 after buying an additional 337 shares during the period.

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.