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

iShares Core High Dividend ETF (NYSEARCA:HDV) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 1,360,922 shares, a growth of 76.5% from the August 15th total of 771,168 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 4,258,603 shares, the short-interest ratio is currently 0.3 days.

iShares Core High Dividend ETF Stock Down 0.1%

HDV stock opened at $28.87 on Friday. The stock has a 50-day simple moving average of $28.99 and a two-hundred day simple moving average of $27.84. iShares Core High Dividend ETF has a twelve month low of $23.51 and a twelve month high of $30.13. The firm has a market capitalization of $15.02 billion, a PE ratio of 18.55 and a beta of 0.53.

iShares Core High Dividend ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 19th were issued a dividend of $0.1046 per share. This is a boost from iShares Core High Dividend ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Auto Owners Insurance Co grew its stake in iShares Core High Dividend ETF by 12,061.0% in the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after buying an additional 2,870,518 shares in the last quarter. IFP Advisors Inc increased its stake in iShares Core High Dividend ETF by 867.0% in the second quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock valued at $33,415,000 after acquiring an additional 1,093,020 shares during the last quarter. Allianz Asset Management GmbH raised its position in iShares Core High Dividend ETF by 201.2% during the second quarter. Allianz Asset Management GmbH now owns 1,377,900 shares of the exchange traded fund’s stock valued at $37,768,000 after purchasing an additional 920,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Core High Dividend ETF by 317.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock worth $29,621,000 after purchasing an additional 821,692 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of iShares Core High Dividend ETF by 1,958.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 692,567 shares of the exchange traded fund’s stock worth $18,983,000 after purchasing an additional 658,923 shares in the last quarter.

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.