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

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 36,557 shares, a growth of 713.5% from the September 15th total of 4,494 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 135,915 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IDRV. WealthSpring Partners LLC bought a new stake in iShares Self-Driving EV and Tech ETF during the fourth quarter worth approximately $214,000. Integrated Wealth Concepts LLC acquired a new position in iShares Self-Driving EV and Tech ETF during the second quarter valued at approximately $104,000. Finally, Western Wealth Management LLC bought a new position in shares of iShares Self-Driving EV and Tech ETF in the first quarter valued at approximately $42,000.

iShares Self-Driving EV and Tech ETF Price Performance

iShares Self-Driving EV and Tech ETF stock opened at $33.34 on Friday. iShares Self-Driving EV and Tech ETF has a one year low of $32.40 and a one year high of $45.64. The company’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $38.58. The company has a market capitalization of $263.39 million, a price-to-earnings ratio of 11.61 and a beta of 1.30.

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.