iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Update

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 646,474 shares, a growth of 208.7% from the November 30th total of 209,405 shares. Based on an average daily trading volume, of 385,340 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.6% of the company’s stock are short sold. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 385,340 shares, the days-to-cover ratio is currently 1.7 days.

iShares Future AI & Tech ETF Trading Up 0.2%

Shares of NYSEARCA ARTY traded up $0.09 during mid-day trading on Friday, hitting $48.60. The company had a trading volume of 125,329 shares, compared to its average volume of 413,427. The firm has a 50-day simple moving average of $48.20 and a two-hundred day simple moving average of $44.76. The company has a market capitalization of $1.93 billion, a PE ratio of 32.81 and a beta of 1.20. iShares Future AI & Tech ETF has a one year low of $26.31 and a one year high of $51.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Future AI & Tech ETF by 744.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock worth $55,220,000 after buying an additional 1,063,439 shares during the last quarter. Hancock Prospecting Pty Ltd bought a new position in iShares Future AI & Tech ETF in the 3rd quarter valued at about $48,307,000. Ameriprise Financial Inc. lifted its position in iShares Future AI & Tech ETF by 85.1% during the third quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock worth $60,639,000 after acquiring an additional 608,816 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Future AI & Tech ETF by 35.9% during the third quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock worth $52,918,000 after acquiring an additional 305,380 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of iShares Future AI & Tech ETF by 1,083.8% during the third quarter. Stratos Wealth Partners LTD. now owns 202,272 shares of the company’s stock worth $9,260,000 after acquiring an additional 185,185 shares during the period.

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.