Short Interest in iShares Core High Dividend ETF (NYSEARCA:HDV) Expands By 113.7%

iShares Core High Dividend ETF (NYSEARCA:HDV) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,665,827 shares, a growth of 113.7% from the May 14th total of 779,457 shares. Based on an average daily trading volume, of 2,806,475 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HDV. Auto Owners Insurance Co boosted its position in iShares Core High Dividend ETF by 12,061.0% in the fourth quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after purchasing an additional 2,870,518 shares during the last quarter. BNP Paribas Financial Markets boosted its position in iShares Core High Dividend ETF by 199.7% in the fourth quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock worth $73,043,000 after purchasing an additional 400,223 shares during the last quarter. Engineers Gate Manager LP purchased a new position in iShares Core High Dividend ETF in the fourth quarter worth about $28,094,000. Wells Fargo & Company MN boosted its position in iShares Core High Dividend ETF by 12.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,546,611 shares of the exchange traded fund’s stock worth $188,083,000 after purchasing an additional 174,193 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in iShares Core High Dividend ETF by 5,060.0% in the first quarter. Fifth Third Bancorp now owns 167,959 shares of the exchange traded fund’s stock worth $22,795,000 after purchasing an additional 164,704 shares during the last quarter.

iShares Core High Dividend ETF Price Performance

Shares of iShares Core High Dividend ETF stock traded up $0.24 during trading on Friday, hitting $27.87. 3,614,707 shares of the company’s stock traded hands, compared to its average volume of 3,535,554. The stock has a market capitalization of $13.80 billion, a P/E ratio of 18.55 and a beta of 0.53. The business has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $26.37. iShares Core High Dividend ETF has a 1 year low of $23.16 and a 1 year high of $28.18.

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.