Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Drops By 19.4%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 521,011 shares, a decrease of 19.4% from the December 15th total of 646,474 shares. Based on an average daily trading volume, of 316,339 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.2% of the company’s shares are short sold. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 316,339 shares, the days-to-cover ratio is presently 1.6 days.

iShares Future AI & Tech ETF Trading Up 1.2%

Shares of NYSEARCA:ARTY opened at $51.61 on Monday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 32.81 and a beta of 1.20. The stock’s 50-day moving average price is $48.32 and its two-hundred day moving average price is $46.03. iShares Future AI & Tech ETF has a 12-month low of $26.31 and a 12-month high of $51.79.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

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

iShares Future AI & Tech ETF Company Profile

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.