iShares Future AI & Tech ETF (NYSEARCA:ARTY) Short Interest Update

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 568,762 shares, an increase of 128.1% from the July 30th total of 249,344 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 391,577 shares, the short-interest ratio is currently 1.5 days.

iShares Future AI & Tech ETF Trading Down 1.5%

NYSEARCA ARTY traded down $1.16 during trading hours on Friday, hitting $74.57. The company’s stock had a trading volume of 328,350 shares, compared to its average volume of 675,948. iShares Future AI & Tech ETF has a 52 week low of $41.34 and a 52 week high of $81.85. The company has a market capitalization of $3.91 billion, a PE ratio of 32.81 and a beta of 1.51. The company’s 50-day simple moving average is $71.65 and its two-hundred day simple moving average is $63.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Corient Private Wealth LP grew its holdings in iShares Future AI & Tech ETF by 6.9% during the second quarter. Corient Private Wealth LP now owns 14,095 shares of the company’s stock worth $1,073,000 after buying an additional 910 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in iShares Future AI & Tech ETF by 9.2% during the 2nd quarter. Tucker Asset Management LLC now owns 67,061 shares of the company’s stock worth $5,107,000 after acquiring an additional 5,641 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of iShares Future AI & Tech ETF by 24.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,119 shares of the company’s stock worth $466,000 after acquiring an additional 1,194 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the second quarter valued at about $25,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of iShares Future AI & Tech ETF by 31.4% during the second quarter. Concurrent Investment Advisors LLC now owns 20,233 shares of the company’s stock valued at $1,541,000 after purchasing an additional 4,839 shares in the last quarter.

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.