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

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant 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. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 672,706 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 672,706 shares, the short-interest ratio is currently 1.1 days. Currently, 1.7% of the shares of the stock are sold short.

iShares Future AI & Tech ETF Stock Up 1.2%

ARTY traded up $0.60 during trading on Wednesday, reaching $49.08. The company’s stock had a trading volume of 463,966 shares, compared to its average volume of 562,473. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 32.81 and a beta of 1.20. The firm has a fifty day simple moving average of $50.58 and a two-hundred day simple moving average of $48.75. iShares Future AI & Tech ETF has a 1 year low of $26.31 and a 1 year high of $54.79.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its position in 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 purchasing an additional 218 shares during the last quarter. AdvisorNet Financial Inc raised its stake in iShares Future AI & Tech ETF by 34.5% during the third quarter. AdvisorNet Financial Inc now owns 936 shares of the company’s stock worth $43,000 after purchasing an additional 240 shares during the period. WCG Wealth Advisors LLC boosted its holdings in iShares Future AI & Tech ETF by 2.1% in the 3rd quarter. WCG Wealth Advisors LLC now owns 12,156 shares of the company’s stock valued at $557,000 after purchasing an additional 248 shares during the last quarter. CX Institutional boosted its holdings in iShares Future AI & Tech ETF by 1.5% in the 3rd quarter. CX Institutional now owns 17,186 shares of the company’s stock valued at $787,000 after purchasing an additional 261 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of iShares Future AI & Tech ETF by 5.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,000 shares of the company’s stock valued at $241,000 after buying an additional 272 shares during the period.

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.