iShares Core S&P 500 ETF (NYSEARCA:IVV) Stock Short Interest Falls 39.7%

iShares Core S&P 500 ETF (NYSEARCA:IVV) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 4,949,478 shares, a drop of 39.7% from the August 31st total of 8,208,089 shares. Based on an average daily trading volume, of 10,269,011 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

iShares Core S&P 500 ETF Price Performance

Shares of IVV opened at $769.79 on Wednesday. The stock has a market capitalization of $877.21 billion, a PE ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12-month low of $632.14 and a 12-month high of $783.09. The business’s fifty day moving average price is $766.33 and its 200 day moving average price is $737.02.

Institutional Trading of iShares Core S&P 500 ETF

A number of institutional investors have recently made changes to their positions in IVV. Envestnet Asset Management Inc. raised its holdings in shares of iShares Core S&P 500 ETF by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock valued at $30,997,946,000 after acquiring an additional 8,432,228 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock worth $26,225,264,000 after acquiring an additional 421,146 shares during the last quarter. Corient Private Wealth LLC boosted its position in iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock valued at $11,935,288,000 after purchasing an additional 13,946,081 shares during the last quarter. Millennium Management LLC grew its stake in shares of iShares Core S&P 500 ETF by 93.3% in the 4th quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock valued at $9,927,711,000 after buying an additional 6,995,145 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of iShares Core S&P 500 ETF by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 13,475,084 shares of the ETF’s stock worth $9,229,625,000 after purchasing an additional 34,574 shares during the last quarter. 70.12% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Company Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.