Short Interest in iShares Core High Dividend ETF (NYSEARCA:HDV) Decreases By 29.3%

iShares Core High Dividend ETF (NYSEARCA:HDV) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 405,778 shares, a drop of 29.3% from the March 15th total of 574,168 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 848,644 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. lifted its holdings in iShares Core High Dividend ETF by 101.9% during the 2nd quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 109 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in iShares Core High Dividend ETF during the 4th quarter worth about $28,000. EPG Wealth Management LLC purchased a new stake in iShares Core High Dividend ETF during the 3rd quarter worth about $40,000. EQ Wealth Advisors LLC purchased a new stake in iShares Core High Dividend ETF during the 4th quarter worth about $40,000. Finally, Caitlin John LLC purchased a new stake in iShares Core High Dividend ETF during the 3rd quarter worth about $42,000.

iShares Core High Dividend ETF Stock Performance

Shares of NYSEARCA HDV traded up $0.41 during trading on Thursday, reaching $133.68. The stock had a trading volume of 626,775 shares, compared to its average volume of 826,382. iShares Core High Dividend ETF has a fifty-two week low of $110.27 and a fifty-two week high of $140.89. The business’s 50-day moving average price is $136.08 and its 200-day moving average price is $127.65. The company has a market cap of $13.49 billion, a P/E ratio of 18.55 and a beta of 0.57.

iShares Core High Dividend ETF Company Profile

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.