iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Significant Growth in Short Interest

iShares Core High Dividend ETF (NYSEARCA:HDV) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 937,708 shares, an increase of 316.5% from the April 15th total of 225,119 shares. Based on an average trading volume of 2,225,468 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC bought a new stake in iShares Core High Dividend ETF in the 4th quarter valued at about $342,000. AQR Capital Management LLC raised its position in shares of iShares Core High Dividend ETF by 6.1% in the first quarter. AQR Capital Management LLC now owns 5,047 shares of the exchange traded fund’s stock valued at $611,000 after buying an additional 292 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of iShares Core High Dividend ETF by 8.6% in the first quarter. Goldman Sachs Group Inc. now owns 103,679 shares of the exchange traded fund’s stock valued at $12,558,000 after buying an additional 8,223 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of iShares Core High Dividend ETF by 10.9% in the second quarter. Baird Financial Group Inc. now owns 25,693 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 2,517 shares during the period. Finally, NewEdge Advisors LLC grew its position in iShares Core High Dividend ETF by 10.8% during the second quarter. NewEdge Advisors LLC now owns 30,413 shares of the exchange traded fund’s stock worth $3,563,000 after buying an additional 2,954 shares in the last quarter.

iShares Core High Dividend ETF Stock Down 0.2%

Shares of iShares Core High Dividend ETF stock traded down $0.06 on Wednesday, hitting $27.14. The stock had a trading volume of 2,285,246 shares, compared to its average volume of 3,711,670. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 18.55 and a beta of 0.54. iShares Core High Dividend ETF has a twelve month low of $22.65 and a twelve month high of $28.18. The business’s 50 day moving average is $26.97 and its two-hundred day moving average is $25.84.

About iShares Core High Dividend ETF

The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.