iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Short Interest Declines 64.7%

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 12,922 shares, a drop of 64.7% from the September 30th total of 36,557 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 49,105 shares, the days-to-cover ratio is currently 0.3 days.

iShares Self-Driving EV and Tech ETF Stock Performance

IDRV stock traded down $0.50 on Friday, hitting $30.21. 45,414 shares of the company’s stock were exchanged, compared to its average volume of 83,676. iShares Self-Driving EV and Tech ETF has a 12-month low of $29.95 and a 12-month high of $45.64. The firm has a 50 day moving average price of $33.94 and a two-hundred day moving average price of $38.11. The stock has a market cap of $117.82 million, a P/E ratio of 11.61 and a beta of 1.30.

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

An institutional investor recently bought a new stake in iShares Self-Driving EV and Tech ETF stock. Integrated Wealth Concepts LLC bought a new position in shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,717 shares of the company’s stock, valued at approximately $104,000. Integrated Wealth Concepts LLC owned about 0.07% of iShares Self-Driving EV and Tech ETF at the end of the most recent quarter.

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.