Short Interest in iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Rises By 73.7%

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 6,776 shares, an increase of 73.7% from the July 30th total of 3,900 shares. Based on an average daily volume of 16,167 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of iShares Self-Driving EV and Tech ETF

A number of large investors have recently bought and sold shares of IDRV. Royal Bank of Canada raised its stake in iShares Self-Driving EV and Tech ETF by 5.3% during the first quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock worth $364,000 after acquiring an additional 626 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares Self-Driving EV and Tech ETF by 237.6% in the 1st quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock valued at $769,000 after purchasing an additional 18,522 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Self-Driving EV and Tech ETF in the 2nd quarter worth about $119,000. UBS Group AG grew its holdings in shares of iShares Self-Driving EV and Tech ETF by 10.2% in the 3rd quarter. UBS Group AG now owns 54,704 shares of the company’s stock worth $2,006,000 after purchasing an additional 5,057 shares during the last quarter. Finally, Creative Planning increased its position in shares of iShares Self-Driving EV and Tech ETF by 14.0% during the 3rd quarter. Creative Planning now owns 8,092 shares of the company’s stock worth $297,000 after purchasing an additional 994 shares in the last quarter.

iShares Self-Driving EV and Tech ETF Price Performance

Shares of IDRV traded up $0.12 during mid-day trading on Monday, reaching $37.10. The company had a trading volume of 4,416 shares, compared to its average volume of 29,959. The company has a market capitalization of $137.27 million, a P/E ratio of 11.61 and a beta of 1.27. iShares Self-Driving EV and Tech ETF has a twelve month low of $34.35 and a twelve month high of $45.64. The company’s 50-day moving average is $36.87 and its 200-day moving average is $39.45.

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.