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

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 74,797 shares, a growth 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.

iShares Self-Driving EV and Tech ETF Price Performance

IDRV stock opened at $44.96 on Monday. The firm has a market capitalization of $166.35 million, a P/E ratio of 11.61 and a beta of 1.25. The business’s 50-day moving average is $41.60 and its two-hundred day moving average is $39.70. iShares Self-Driving EV and Tech ETF has a 1 year low of $29.35 and a 1 year high of $45.50.

Institutional Investors Weigh In On iShares Self-Driving EV and Tech ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IDRV. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock worth $1,841,000 after acquiring an additional 47,695 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of 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. Susquehanna International Group LLP raised its position in shares of iShares Self-Driving EV and Tech ETF by 21.2% during the 3rd quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock worth $1,945,000 after acquiring an additional 9,288 shares in the last quarter. Citadel Advisors LLC raised its position in shares of iShares Self-Driving EV and Tech ETF by 7.8% during the 3rd quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock worth $4,174,000 after acquiring an additional 8,214 shares in the last quarter. Finally, WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF during the 4th quarter worth about $214,000.

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.