iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Large Decline in Short Interest

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,873,231 shares, a decline of 37.9% from the April 15th total of 3,018,107 shares. Based on an average daily volume of 2,393,353 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Core S&P Total U.S. Stock Market ETF

Several hedge funds have recently bought and sold shares of ITOT. Fifth Third Securities Inc. grew its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 9.7% during the 4th quarter. Fifth Third Securities Inc. now owns 74,307 shares of the company’s stock valued at $11,049,000 after purchasing an additional 6,590 shares in the last quarter. Evensky & Katz LLC raised its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 3.8% in the third quarter. Evensky & Katz LLC now owns 1,440,844 shares of the company’s stock worth $209,859,000 after buying an additional 52,493 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in iShares Core S&P Total U.S. Stock Market ETF by 102.5% during the fourth quarter. Farther Finance Advisors LLC now owns 112,126 shares of the company’s stock valued at $16,672,000 after buying an additional 56,750 shares during the period. Allstate Corp grew its position in iShares Core S&P Total U.S. Stock Market ETF by 32.9% during the third quarter. Allstate Corp now owns 994,742 shares of the company’s stock worth $144,884,000 after buying an additional 246,411 shares in the last quarter. Finally, Seven Mile Advisory purchased a new position in iShares Core S&P Total U.S. Stock Market ETF during the third quarter worth about $864,000.

iShares Core S&P Total U.S. Stock Market ETF Stock Performance

NYSEARCA ITOT traded down $2.10 during trading hours on Friday, hitting $161.10. The company had a trading volume of 1,717,106 shares, compared to its average volume of 5,271,934. iShares Core S&P Total U.S. Stock Market ETF has a 52 week low of $125.59 and a 52 week high of $163.57. The firm has a 50 day simple moving average of $150.49 and a 200 day simple moving average of $149.77. The firm has a market capitalization of $91.15 billion, a price-to-earnings ratio of 24.36 and a beta of 1.01.

About iShares Core S&P Total U.S. Stock Market ETF

The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is an exchange-traded fund that is based on the S&P TMI index. The fund tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ITOT was launched on Jan 20, 2004 and is managed by BlackRock.