iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Sees Significant Increase in Short Interest

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 36,557 shares, an increase of 713.5% from the September 15th total of 4,494 shares. Based on an average daily volume of 135,915 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new position in iShares Self-Driving EV and Tech ETF during the 1st quarter worth about $42,000. Integrated Wealth Concepts LLC acquired a new stake in iShares Self-Driving EV and Tech ETF in the 2nd quarter valued at about $104,000. Finally, WealthSpring Partners LLC acquired a new stake in iShares Self-Driving EV and Tech ETF in the 4th quarter valued at about $214,000.

iShares Self-Driving EV and Tech ETF Stock Performance

iShares Self-Driving EV and Tech ETF stock traded up $0.34 on Friday, reaching $33.34. The company’s stock had a trading volume of 38,959 shares, compared to its average volume of 63,081. The business’s fifty day moving average price is $35.60 and its 200 day moving average price is $38.58. The company has a market cap of $263.39 million, a price-to-earnings ratio of 11.61 and a beta of 1.30. iShares Self-Driving EV and Tech ETF has a twelve month low of $32.40 and a twelve month high of $45.64.

iShares Self-Driving EV and Tech ETF Company Profile

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.