iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Short Interest Update

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 21,050 shares, a decline of 69.5% from the May 31st total of 68,942 shares. Based on an average daily volume of 44,960 shares, the short-interest ratio is presently 0.5 days. Currently, 0.6% of the shares of the company are sold short.

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

Several hedge funds have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF during the 1st quarter worth approximately $42,000. Raymond James Financial Inc. purchased a new stake in shares of iShares Self-Driving EV and Tech ETF during the second quarter worth about $119,000. WealthSpring Partners LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF during the 4th quarter worth about $214,000. Osaic Holdings Inc. raised its position in shares of iShares Self-Driving EV and Tech ETF by 7.1% during the 4th quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock worth $214,000 after purchasing an additional 375 shares during the last quarter. Finally, Creative Planning lifted its stake in 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 buying an additional 994 shares in the last quarter.

iShares Self-Driving EV and Tech ETF Stock Performance

NYSEARCA IDRV traded down $0.59 during mid-day trading on Friday, reaching $36.90. 6,303 shares of the stock were exchanged, compared to its average volume of 23,066. The company has a market capitalization of $136.53 million, a P/E ratio of 11.61 and a beta of 1.25. The business’s 50 day moving average is $42.40 and its 200-day moving average is $40.11. iShares Self-Driving EV and Tech ETF has a 1 year low of $30.48 and a 1 year high of $45.64.

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.