iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Up 34.9% in May

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 26,300 shares, an increase of 34.9% from the May 15th total of 19,500 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Self-Driving EV and Tech ETF Stock Up 0.7%

Shares of NYSEARCA:IDRV opened at $29.85 on Thursday. The firm has a market cap of $143.28 million, a P/E ratio of 11.75 and a beta of 1.31. iShares Self-Driving EV and Tech ETF has a 12 month low of $24.48 and a 12 month high of $32.50. The company’s 50-day moving average price is $29.76 and its two-hundred day moving average price is $29.88.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

A number of large investors have recently modified their holdings of the stock. NBC Securities Inc. increased its holdings in shares of iShares Self-Driving EV and Tech ETF by 172,900.0% in the first quarter. NBC Securities Inc. now owns 1,730 shares of the company’s stock valued at $50,000 after purchasing an additional 1,729 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Self-Driving EV and Tech ETF by 972.4% in the 4th quarter. Jones Financial Companies Lllp now owns 7,796 shares of the company’s stock valued at $228,000 after buying an additional 7,069 shares during the period. Royal Bank of Canada increased its stake in shares of iShares Self-Driving EV and Tech ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock valued at $364,000 after buying an additional 626 shares during the period. Florin Court Capital LLP bought a new stake in shares of iShares Self-Driving EV and Tech ETF during the first quarter worth $391,000. Finally, Wealthfront Advisers LLC lifted its stake in shares of iShares Self-Driving EV and Tech ETF by 9.0% during the first quarter. Wealthfront Advisers LLC now owns 19,081 shares of the company’s stock valued at $558,000 after acquiring an additional 1,570 shares during the period.

About iShares Self-Driving EV and Tech ETF

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.