IDRV Stock Summary and Trading Ideas (iShares Self-Driving Ev And Tech ETF | ARCA:IDRV)

The iShares Self-Driving EV and Tech ETF seeks to track the investment results of an index composed of developed and emerging market companies that may benefit from growth and innovation in and around electric vehicles, battery technologies and autonomous driving technologies.

iShares Self-Driving Ev And Tech ETF trades on the ARCA stock market under the symbol IDRV.

As of May 6, 2024, IDRV stock price climbed to $31.74 with 36,064 million shares trading.

IDRV has a beta of 1.55, meaning it tends to be more sensitive to market movements. IDRV has a correlation of 0.41 to the broad based SPY ETF.

IDRV has a market cap of $247.57 million. This is considered a Small Cap stock.

In the last 3 years, IDRV stock traded as high as $57.71 and as low as $28.47.

IDRV stock has underperformed the market in the last year with a return of -9.1%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IDRV shares. However, IDRV has outperformed the market in the last 3 month and 2 week periods, returning +5.2% and +10.2%, while SPY returned +4.8% and +4.3%, respectively. This indicates IDRV has been having a stronger performance recently.

IDRV support price is $30.80 and resistance is $31.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IDRV stock will trade within this expected range on the day.