iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Up 113.8% in May

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 74,797 shares, an increase of 113.8% from the April 30th total of 34,982 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 33,295 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDRV. Royal Bank of Canada grew its holdings in iShares Self-Driving EV and Tech ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock worth $364,000 after acquiring an additional 626 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in iShares Self-Driving EV and Tech ETF by 237.6% during the 1st quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock worth $769,000 after acquiring an additional 18,522 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares Self-Driving EV and Tech ETF during the 2nd quarter worth approximately $119,000. UBS Group AG increased its holdings in shares of iShares Self-Driving EV and Tech ETF by 10.2% in the 3rd quarter. UBS Group AG now owns 54,704 shares of the company’s stock valued at $2,006,000 after acquiring an additional 5,057 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of iShares Self-Driving EV and Tech ETF by 14.0% in the 3rd quarter. Creative Planning now owns 8,092 shares of the company’s stock valued at $297,000 after acquiring an additional 994 shares during the last quarter.

iShares Self-Driving EV and Tech ETF Stock Up 0.8%

NYSEARCA IDRV traded up $0.38 on Tuesday, hitting $45.48. 94,537 shares of the stock were exchanged, compared to its average volume of 22,700. iShares Self-Driving EV and Tech ETF has a fifty-two week low of $29.35 and a fifty-two week high of $45.64. The company has a market cap of $168.28 million, a PE ratio of 11.61 and a beta of 1.25. The company has a 50-day moving average price of $41.75 and a 200-day moving average price of $39.74.

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.