Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Decreases By 70.4%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 154,220 shares, a decline of 70.4% from the December 31st total of 521,011 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 504,862 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 504,862 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 1,063,439 shares during the period. Hancock Prospecting Pty Ltd acquired a new position in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at about $48,307,000. Ameriprise Financial Inc. boosted its position in shares of iShares Future AI & Tech ETF by 85.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after purchasing an additional 608,816 shares in the last quarter. Assetmark Inc. boosted its position in shares of iShares Future AI & Tech ETF by 1,433.3% during the 4th quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after purchasing an additional 590,228 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in 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 purchasing an additional 305,380 shares during the period.

iShares Future AI & Tech ETF Trading Up 1.7%

NYSEARCA:ARTY traded up $0.89 on Wednesday, reaching $54.44. 680,633 shares of the stock traded hands, compared to its average volume of 491,040. iShares Future AI & Tech ETF has a 1-year low of $26.31 and a 1-year high of $54.79. The company’s 50 day moving average is $49.13 and its 200-day moving average is $46.61. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 32.81 and a beta of 1.20.

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.