Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Decreases By 20.3%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 409,274 shares, a decrease of 20.3% from the January 29th total of 513,327 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 632,231 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 632,231 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the shares of the company are sold short.

iShares Future AI & Tech ETF Trading Down 1.5%

ARTY opened at $51.01 on Monday. iShares Future AI & Tech ETF has a 12-month low of $26.31 and a 12-month high of $54.79. The firm has a 50 day moving average of $50.65 and a two-hundred day moving average of $47.95. The firm has a market capitalization of $2.22 billion, a PE ratio of 32.81 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARTY. Beaird Harris Wealth Management LLC acquired a new position in iShares Future AI & Tech ETF during the fourth quarter worth $130,000. Corient Private Wealth LLC increased its stake in shares of iShares Future AI & Tech ETF by 4.2% during the fourth quarter. Corient Private Wealth LLC now owns 16,209 shares of the company’s stock worth $781,000 after purchasing an additional 646 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $46,000. Mercer Global Advisors Inc. ADV lifted its stake in iShares Future AI & Tech ETF by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,480 shares of the company’s stock valued at $1,709,000 after buying an additional 2,165 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in iShares Future AI & Tech ETF by 94.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 13,593 shares of the company’s stock worth $655,000 after buying an additional 6,609 shares during 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.