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

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 3,900 shares, a growth of 86.9% from the July 15th total of 2,087 shares. Based on an average daily volume of 31,941 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Self-Driving EV and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in iShares Self-Driving EV and Tech ETF by 7.1% during the fourth quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock worth $214,000 after buying an additional 375 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of iShares Self-Driving EV and Tech ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock worth $364,000 after purchasing an additional 626 shares in the last quarter. Creative Planning grew its holdings 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. Western Wealth Management LLC bought a new position in shares of iShares Self-Driving EV and Tech ETF in the first quarter worth $42,000. Finally, One Wealth Map LLC increased its position in shares of iShares Self-Driving EV and Tech ETF by 8.8% in the fourth quarter. One Wealth Map LLC now owns 32,544 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,626 shares during the period.

iShares Self-Driving EV and Tech ETF Trading Up 1.0%

NYSEARCA IDRV traded up $0.37 during trading on Friday, reaching $37.45. The company’s stock had a trading volume of 14,185 shares, compared to its average volume of 24,315. The firm has a market capitalization of $138.56 million, a price-to-earnings ratio of 11.61 and a beta of 1.27. iShares Self-Driving EV and Tech ETF has a 12 month low of $34.33 and a 12 month high of $45.64. The firm has a 50 day moving average price of $37.60 and a 200 day moving average price of $39.58.

About iShares Self-Driving EV and Tech ETF

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.