Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Rises By 199.9%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 736,800 shares, an increase of 199.9% from the February 26th total of 245,721 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 672,706 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC lifted its position in iShares Future AI & Tech ETF by 333.3% in the 4th quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock worth $26,000 after buying an additional 410 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of iShares Future AI & Tech ETF by 269.4% in the third quarter. SOA Wealth Advisors LLC. now owns 543 shares of the company’s stock worth $25,000 after acquiring an additional 396 shares during the last quarter. MMA Asset Management LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the third quarter worth $25,000. CoreCap Advisors LLC raised its holdings in shares of iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after acquiring an additional 218 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in iShares Future AI & Tech ETF during the third quarter valued at $27,000.

iShares Future AI & Tech ETF Trading Down 4.6%

NYSEARCA:ARTY traded down $2.28 on Thursday, hitting $46.80. 448,676 shares of the company’s stock traded hands, compared to its average volume of 560,135. The company has a market cap of $2.04 billion, a PE ratio of 32.81 and a beta of 1.20. iShares Future AI & Tech ETF has a 1 year low of $26.31 and a 1 year high of $54.79. The firm has a 50-day moving average price of $50.56 and a 200-day moving average price of $48.76.

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.