iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Down 46.4% in August

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 304,786 shares, a decrease of 46.4% from the August 15th total of 568,762 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 462,386 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of hedge funds have recently added to or reduced their stakes in ARTY. Envestnet Portfolio Solutions Inc. acquired a new position in shares of iShares Future AI & Tech ETF during the fourth quarter worth approximately $382,000. HighTower Advisors LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 29.7% in the 4th quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock worth $12,291,000 after purchasing an additional 58,451 shares in the last quarter. Wealth Management Partners LLC grew its position in iShares Future AI & Tech ETF by 18.8% in the 1st quarter. Wealth Management Partners LLC now owns 61,658 shares of the company’s stock valued at $2,869,000 after purchasing an additional 9,772 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares Future AI & Tech ETF by 73.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock valued at $100,901,000 after purchasing an additional 888,045 shares during the period. Finally, Cora Capital Advisors LLC increased its stake in iShares Future AI & Tech ETF by 10.7% during the 1st quarter. Cora Capital Advisors LLC now owns 88,481 shares of the company’s stock valued at $4,117,000 after purchasing an additional 8,559 shares in the last quarter.

iShares Future AI & Tech ETF Price Performance

Shares of ARTY traded down $0.37 during trading hours on Tuesday, hitting $72.23. The stock had a trading volume of 204,214 shares, compared to its average volume of 658,297. iShares Future AI & Tech ETF has a 1-year low of $43.26 and a 1-year high of $81.85. The firm has a market capitalization of $3.78 billion, a P/E ratio of 32.81 and a beta of 1.52. The firm has a 50 day simple moving average of $71.85 and a 200-day simple moving average of $65.36.

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.