iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Down 53.2% in July

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 227,270 shares, a drop of 53.2% from the June 30th total of 485,705 shares. Based on an average daily volume of 583,439 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

iShares Future AI & Tech ETF Stock Performance

ARTY stock traded down $2.45 during trading on Tuesday, reaching $63.89. 677,328 shares of the company traded hands, compared to its average volume of 708,778. The business has a 50 day simple moving average of $72.10 and a 200 day simple moving average of $59.94. iShares Future AI & Tech ETF has a 12 month low of $40.56 and a 12 month high of $81.85. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 32.81 and a beta of 1.49.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nemes Rush Group LLC boosted its holdings in iShares Future AI & Tech ETF by 333.3% in the fourth quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock valued at $26,000 after purchasing an additional 410 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of iShares Future AI & Tech ETF by 61.8% in the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after buying an additional 218 shares during the last quarter. Blue Trust Inc. grew its holdings in iShares Future AI & Tech ETF by 43.3% during the first quarter. Blue Trust Inc. now owns 725 shares of the company’s stock worth $34,000 after acquiring an additional 219 shares during the period. Aptus Capital Advisors LLC grew its holdings in iShares Future AI & Tech ETF by 73.2% during the third quarter. Aptus Capital Advisors LLC now owns 776 shares of the company’s stock worth $36,000 after acquiring an additional 328 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in iShares Future AI & Tech ETF in the fourth quarter valued at approximately $39,000.

About iShares Future AI & Tech ETF

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.