iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Significant Increase in Short Interest

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 568,762 shares, a growth of 128.1% from the July 30th total of 249,344 shares. Based on an average daily trading volume, of 391,577 shares, the short-interest ratio is presently 1.5 days. Currently, 1.1% of the company’s stock are sold short.

iShares Future AI & Tech ETF Trading Down 1.5%

NYSEARCA ARTY traded down $1.16 on Friday, hitting $74.57. 328,350 shares of the company’s stock traded hands, compared to its average volume of 675,948. iShares Future AI & Tech ETF has a 1-year low of $41.34 and a 1-year high of $81.85. The firm has a market capitalization of $3.91 billion, a PE ratio of 32.81 and a beta of 1.51. The firm’s 50-day moving average price is $71.65 and its two-hundred day moving average price is $63.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its stake in iShares Future AI & Tech ETF by 9.9% during the fourth quarter. Morgan Stanley now owns 2,610,430 shares of the company’s stock worth $125,771,000 after purchasing an additional 234,478 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares Future AI & Tech ETF by 73.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock worth $100,901,000 after buying an additional 888,045 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares Future AI & Tech ETF by 2.5% in the 1st quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock valued at $64,145,000 after acquiring an additional 33,575 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares Future AI & Tech ETF by 85.1% in the third quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after purchasing an additional 608,816 shares during the period. Finally, LPL Financial LLC raised its position in iShares Future AI & Tech ETF by 13.4% during the 4th quarter. LPL Financial LLC now owns 1,112,697 shares of the company’s stock worth $53,610,000 after buying an additional 131,297 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.