Short Interest in iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Drops By 39.7%

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 64,592 shares, a drop of 39.7% from the August 15th total of 107,125 shares. Based on an average trading volume of 307,576 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Worth Asset Management LLC boosted its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 7.6% in the second quarter. Worth Asset Management LLC now owns 742,669 shares of the company’s stock valued at $51,615,000 after acquiring an additional 52,693 shares during the period. NBT Bank N A NY increased its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 157,167.7% in the 1st quarter. NBT Bank N A NY now owns 102,224 shares of the company’s stock valued at $6,578,000 after acquiring an additional 102,159 shares during the period. Bank of New York Mellon Corp raised its position in iShares Core 60/40 Balanced Allocation ETF by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 52,150 shares of the company’s stock valued at $3,356,000 after purchasing an additional 2,192 shares during the last quarter. Weitzel Financial Services Inc. raised its position in iShares Core 60/40 Balanced Allocation ETF by 14.2% in the 1st quarter. Weitzel Financial Services Inc. now owns 27,452 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,406 shares during the last quarter. Finally, IMA Advisory Services Inc. boosted its stake in iShares Core 60/40 Balanced Allocation ETF by 2.7% during the 1st 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 period.

iShares Core 60/40 Balanced Allocation ETF Stock Performance

NYSEARCA AOR traded up $0.27 during trading hours on Wednesday, hitting $69.05. The company had a trading volume of 192,503 shares, compared to its average volume of 376,624. iShares Core 60/40 Balanced Allocation ETF has a 1-year low of $62.96 and a 1-year high of $70.49. The company has a market cap of $3.66 billion, a PE ratio of 19.83 and a beta of 0.65. The business has a 50 day moving average of $69.31 and a 200-day moving average of $68.06.

iShares Core 60/40 Balanced Allocation ETF Company Profile

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.