Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Rises By 78.8%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a significant increase in short interest in the month of 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. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 913,856 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of iShares Future AI & Tech ETF

Institutional investors have recently added to or reduced their stakes in the business. Riverbend Wealth Management LLC raised its position in shares of iShares Future AI & Tech ETF by 4.2% in the first quarter. Riverbend Wealth Management LLC now owns 4,416 shares of the company’s stock valued at $205,000 after purchasing an additional 179 shares during the period. CoreCap Advisors LLC raised its position 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 valued at $28,000 after purchasing an additional 218 shares during the period. Blue Trust Inc. raised its position in shares of iShares Future AI & Tech ETF by 43.3% in the first quarter. Blue Trust Inc. now owns 725 shares of the company’s stock valued at $34,000 after purchasing an additional 219 shares during the period. AdvisorNet Financial Inc raised its position in shares of iShares Future AI & Tech ETF by 23.1% in the first quarter. AdvisorNet Financial Inc now owns 1,281 shares of the company’s stock valued at $60,000 after purchasing an additional 240 shares during the period. Finally, WCG Wealth Advisors LLC raised its position in shares of iShares Future AI & Tech ETF by 2.1% in the third quarter. WCG Wealth Advisors LLC now owns 12,156 shares of the company’s stock valued at $557,000 after purchasing an additional 248 shares during the period.

iShares Future AI & Tech ETF Trading Up 5.6%

NYSEARCA ARTY traded up $4.12 during trading on Monday, reaching $77.39. The company’s stock had a trading volume of 662,172 shares, compared to its average volume of 720,937. The stock has a market capitalization of $3.58 billion, a PE ratio of 32.81 and a beta of 1.50. The business has a 50-day moving average price of $64.40 and a 200-day moving average price of $54.79. iShares Future AI & Tech ETF has a 1-year low of $37.93 and a 1-year high of $81.85.

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.