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

iShares Core High Dividend ETF (NYSEARCA:HDV) was the target of 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 2,806,475 shares, the short-interest ratio is currently 0.6 days.

iShares Core High Dividend ETF Stock Up 0.9%

NYSEARCA:HDV traded up $0.24 on Friday, hitting $27.87. The stock had a trading volume of 3,614,707 shares, compared to its average volume of 3,535,554. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. The business’s 50-day simple moving average is $27.17 and its two-hundred day simple moving average is $26.37. iShares Core High Dividend ETF has a 52-week low of $23.16 and a 52-week high of $28.18.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares Core High Dividend ETF in the first quarter worth about $26,000. Rakuten Securities Inc. raised its stake in shares of iShares Core High Dividend ETF by 101.9% in the second 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 period. Laurel Wealth Advisors LLC bought a new position in shares of iShares Core High Dividend ETF in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC bought a new position in shares of iShares Core High Dividend ETF in the fourth quarter worth about $40,000. Finally, Caitlin John LLC bought a new position in shares of iShares Core High Dividend ETF in the third quarter worth about $42,000.

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.