iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Significant Drop in Short Interest
by Michael Walen · The Markets DailyiShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 153,146 shares, a decline of 79.2% from the March 15th total of 736,800 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 704,644 shares, the short-interest ratio is presently 0.2 days.
iShares Future AI & Tech ETF Stock Up 2.3%
ARTY stock traded up $1.16 during trading hours on Friday, hitting $52.28. The company’s stock had a trading volume of 734,746 shares, compared to its average volume of 578,376. The company has a market capitalization of $2.32 billion, a PE ratio of 32.81 and a beta of 1.28. iShares Future AI & Tech ETF has a 12 month low of $28.56 and a 12 month high of $54.79. The stock has a 50 day moving average price of $49.60 and a two-hundred day moving average price of $49.02.
Institutional Trading of iShares Future AI & Tech ETF
Large investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in shares of iShares Future AI & Tech ETF by 269.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 543 shares of the company’s stock worth $25,000 after buying an additional 396 shares during the period. MMA Asset Management LLC bought a new stake in shares of iShares Future AI & Tech ETF during the 3rd quarter worth $25,000. Total Investment Management Inc. bought a new stake in shares of iShares Future AI & Tech ETF during the 2nd quarter worth $26,000. Nemes Rush Group LLC boosted its holdings in shares of iShares Future AI & Tech ETF by 333.3% during the 4th quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock worth $26,000 after buying an additional 410 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of iShares Future AI & Tech ETF during the 3rd quarter worth $27,000.
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.