iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Down 61.7% in June

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 254,814 shares, a decline of 61.7% from the May 31st total of 664,654 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,243,605 shares, the days-to-cover ratio is currently 0.2 days.

iShares Future AI & Tech ETF Price Performance

ARTY opened at $72.28 on Friday. iShares Future AI & Tech ETF has a 1-year low of $39.97 and a 1-year high of $81.85. The stock has a market cap of $3.34 billion, a P/E ratio of 32.81 and a beta of 1.50. The stock’s 50 day simple moving average is $69.35 and its 200 day simple moving average is $56.71.

Institutional Trading of iShares Future AI & Tech ETF

Several large investors have recently bought and sold shares of ARTY. Royal Bank of Canada raised its stake in shares of iShares Future AI & Tech ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after buying an additional 18,891 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in iShares Future AI & Tech ETF in the 1st quarter valued at about $52,000. Jane Street Group LLC purchased a new position in iShares Future AI & Tech ETF during the 1st quarter valued at about $1,478,000. Franklin Resources Inc. purchased a new position in iShares Future AI & Tech ETF during the 2nd quarter valued at about $53,000. Finally, Russell Investments Group Ltd. acquired a new position in iShares Future AI & Tech ETF during the second quarter worth about $92,000.

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.