Short Interest in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Drops By 24.9%

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 494,141 shares, a decline of 24.9% from the January 15th total of 657,669 shares. Based on an average trading volume of 2,681,991 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,681,991 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DGRO. Greenline Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth $25,000. Tortoise Investment Management LLC boosted its stake in iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares during the period. Ankerstar Wealth LLC bought a new position in iShares Core Dividend Growth ETF in the 4th quarter worth about $26,000. Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF during the 3rd quarter valued at about $28,000. Finally, Costello Asset Management INC increased its position in shares of iShares Core Dividend Growth ETF by 79.5% during the third quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after buying an additional 186 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO traded up $0.34 during trading hours on Friday, hitting $73.62. The company’s stock had a trading volume of 2,168,436 shares, compared to its average volume of 2,513,672. The business has a 50 day simple moving average of $71.03 and a two-hundred day simple moving average of $68.75. iShares Core Dividend Growth ETF has a 52-week low of $54.09 and a 52-week high of $74.28. The company has a market cap of $38.44 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

About iShares Core Dividend Growth ETF

The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that is based on the Morningstar US Dividend Growth index. The fund tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on Jun 10, 2014 and is managed by BlackRock.