(IDRV) iShares Self-Driving EV - Ratings and Ratios

The iShares Self-Driving EV and Tech ETF (NYSE ARCA:IDRV) is designed to track the performance of companies involved in the autonomous vehicle and electric vehicle (EV) industries. The funds underlying index includes equity securities from companies across 43 developed and emerging markets that generate a significant portion of their revenue from autonomous or EV-related industries, as defined by the index provider. The ETF primarily invests in these component securities, with at least 80% of its assets dedicated to holdings that closely align with the index. This structure allows the fund to maintain a high level of exposure to the targeted industries while providing diversification across geographies and market capitalizations.

The funds portfolio spans a range of industries, including automotive manufacturers, semiconductor companies, and technology firms that supply critical components for autonomous and electric vehicles. By focusing on companies that are driving innovation in this space, the ETF seeks to capture the growth potential of the rapidly evolving automotive and technology sectors. The fund is passively managed, aiming to replicate the performance of its underlying index rather than actively selecting securities.

3-Month Forecast: Based on the provided and , the ETF is expected to experience a period of consolidation. The SMA 20 (30.40) is below the SMA 50 (30.05), indicating potential short-term weakness. However, the SMA 200 (29.51) is near the current price (29.48), suggesting a possible support level. The low ATR (0.64) signals reduced volatility, implying a narrow trading range. With an AUM of $162.74M, liquidity is moderate, which could lead to stable trading volumes. Overall, the ETF is likely to trade sideways or slightly decline over the next three months, with potential resistance at the SMA 50 level and support at the SMA 200 level.