iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Sees Significant Drop in Short Interest

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 21,050 shares, a decline of 69.5% from the May 31st total of 68,942 shares. Based on an average trading volume of 44,960 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.

iShares Self-Driving EV and Tech ETF Stock Up 2.6%

Shares of iShares Self-Driving EV and Tech ETF stock traded up $0.97 on Monday, hitting $37.87. The stock had a trading volume of 18,984 shares, compared to its average volume of 23,033. The stock has a market cap of $140.12 million, a price-to-earnings ratio of 11.61 and a beta of 1.25. iShares Self-Driving EV and Tech ETF has a twelve month low of $30.48 and a twelve month high of $45.64. The business’s 50 day moving average is $42.40 and its two-hundred day moving average is $40.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its position in iShares Self-Driving EV and Tech ETF by 7.8% during the 3rd quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock worth $4,174,000 after buying an additional 8,214 shares during the period. UBS Group AG grew its stake in shares of iShares Self-Driving EV and Tech ETF by 10.2% in the third quarter. UBS Group AG now owns 54,704 shares of the company’s stock valued at $2,006,000 after acquiring an additional 5,057 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of iShares Self-Driving EV and Tech ETF by 21.2% in the third quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock valued at $1,945,000 after acquiring an additional 9,288 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares Self-Driving EV and Tech ETF by 5,617.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock worth $1,841,000 after acquiring an additional 47,695 shares during the period. Finally, Biltmore Family Office LLC increased its position in iShares Self-Driving EV and Tech ETF by 8.3% during the fourth quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock worth $1,455,000 after acquiring an additional 2,939 shares during the period.

iShares Self-Driving EV and Tech ETF Company Profile

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.