iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Short Interest Update

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 93,017 shares, a growth of 67.6% from the May 14th total of 55,486 shares. Based on an average daily trading volume, of 311,681 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

iShares Core 60/40 Balanced Allocation ETF Price Performance

NYSEARCA AOR traded up $0.22 during mid-day trading on Wednesday, reaching $69.87. 153,969 shares of the stock were exchanged, compared to its average volume of 395,702. iShares Core 60/40 Balanced Allocation ETF has a one year low of $59.87 and a one year high of $69.97. The stock has a 50 day simple moving average of $68.08 and a 200-day simple moving average of $66.55. The stock has a market cap of $3.59 billion, a P/E ratio of 19.83 and a beta of 0.64.

Hedge Funds Weigh In On iShares Core 60/40 Balanced Allocation ETF

A number of hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its stake in iShares Core 60/40 Balanced Allocation ETF by 1,205.7% in the first quarter. SOA Wealth Advisors LLC. now owns 8,996 shares of the company’s stock valued at $579,000 after purchasing an additional 8,307 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 494.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,842 shares of the company’s stock valued at $247,000 after buying an additional 3,196 shares during the last quarter. IMA Advisory Services Inc. boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 2.7% during the first quarter. IMA Advisory Services Inc. now owns 26,161 shares of the company’s stock worth $1,683,000 after purchasing an additional 699 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 46.0% during the first quarter. Cornerstone Planning Group LLC now owns 9,274 shares of the company’s stock worth $630,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares Core 60/40 Balanced Allocation ETF by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 52,150 shares of the company’s stock worth $3,356,000 after acquiring an additional 2,192 shares during the period.

About iShares Core 60/40 Balanced Allocation ETF

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.