Short Interest in iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Decreases By 88.9%

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,087 shares, a decline of 88.9% from the June 30th total of 18,862 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 40,916 shares, the days-to-cover ratio is currently 0.1 days.

iShares Self-Driving EV and Tech ETF Price Performance

iShares Self-Driving EV and Tech ETF stock traded down $0.74 during trading hours on Friday, hitting $34.84. The stock had a trading volume of 217,437 shares, compared to its average volume of 25,034. The stock has a market capitalization of $121.94 million, a price-to-earnings ratio of 11.61 and a beta of 1.27. iShares Self-Driving EV and Tech ETF has a 1-year low of $31.88 and a 1-year high of $45.64. The stock’s fifty day moving average is $39.65 and its two-hundred day moving average is $39.89.

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

A number of large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in iShares Self-Driving EV and Tech ETF during the 1st quarter valued at about $42,000. Osaic Holdings Inc. grew its position in shares of iShares Self-Driving EV and Tech ETF by 7.1% in the fourth quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock valued at $214,000 after purchasing an additional 375 shares during the last quarter. WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF in the fourth quarter valued at approximately $214,000. Northwestern Mutual Wealth Management Co. increased its stake 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 purchasing an additional 47,695 shares in the last quarter. Finally, Biltmore Family Office LLC increased its stake in shares of iShares Self-Driving EV and Tech ETF by 8.3% during the 4th quarter. Biltmore Family Office LLC now owns 38,361 shares of the company’s stock worth $1,455,000 after purchasing an additional 2,939 shares in the last quarter.

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.