iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Growth in Short Interest

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 485,705 shares, a growth of 90.6% from the June 15th total of 254,814 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 814,210 shares, the short-interest ratio is currently 0.6 days.

iShares Future AI & Tech ETF Trading Down 4.0%

ARTY stock traded down $2.75 during midday trading on Thursday, hitting $66.02. 520,436 shares of the company’s stock were exchanged, compared to its average volume of 717,425. iShares Future AI & Tech ETF has a 12-month low of $40.56 and a 12-month high of $81.85. The firm has a 50 day moving average price of $72.10 and a 200-day moving average price of $58.92. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 32.81 and a beta of 1.49.

Institutional Trading of iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. Hancock Prospecting Pty Ltd bought a new position in shares of iShares Future AI & Tech ETF during the third quarter worth about $48,307,000. Ameriprise Financial Inc. lifted its position in shares of 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 purchasing an additional 608,816 shares during the last quarter. Assetmark Inc. grew its stake in iShares Future AI & Tech ETF by 1,433.3% in the fourth quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock worth $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% in 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 in the last quarter.

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.