iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Short Interest Up 98.3% in May

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 527,370 shares, a growth of 98.3% from the May 14th total of 265,992 shares. Based on an average daily trading volume, of 539,095 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the shares of the stock are sold short.

iShares Core S&P U.S. Value ETF Stock Performance

NASDAQ:IUSV traded up $0.84 on Friday, hitting $110.88. 757,646 shares of the stock were exchanged, compared to its average volume of 1,023,159. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83. iShares Core S&P U.S. Value ETF has a 52 week low of $91.88 and a 52 week high of $111.14. The company’s 50-day moving average price is $107.85 and its 200 day moving average price is $105.50.

iShares Core S&P U.S. Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.3925 per share. This represents a $1.57 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Core S&P U.S. Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co grew its position in shares of iShares Core S&P U.S. Value ETF by 15,983.5% in the 4th quarter. Auto Owners Insurance Co now owns 138,961,020 shares of the company’s stock valued at $13,896,102,000 after purchasing an additional 138,097,020 shares during the period. Bank of America Corp DE boosted its position in iShares Core S&P U.S. Value ETF by 3.9% during the 4th quarter. Bank of America Corp DE now owns 83,401,630 shares of the company’s stock worth $8,552,003,000 after acquiring an additional 3,168,089 shares during the last quarter. LPL Financial LLC boosted its position in iShares Core S&P U.S. Value ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 16,406,531 shares of the company’s stock worth $1,682,326,000 after acquiring an additional 569,611 shares during the last quarter. Morgan Stanley boosted its position in iShares Core S&P U.S. Value ETF by 7.0% during the 4th quarter. Morgan Stanley now owns 9,720,751 shares of the company’s stock worth $996,766,000 after acquiring an additional 639,948 shares during the last quarter. Finally, Signaturefd LLC boosted its position in iShares Core S&P U.S. Value ETF by 1.9% during the 4th quarter. Signaturefd LLC now owns 4,573,759 shares of the company’s stock worth $468,993,000 after acquiring an additional 84,650 shares during the last quarter.

About iShares Core S&P U.S. Value ETF

The iShares Core S&P U.S. Value ETF (IUSV) is an exchange-traded fund that is based on the S&P 900 Value index. The fund tracks an index of large- and mid-cap value stocks in the US. The index selects from stocks ranked 1-3000 by market-cap based on 3 value factors. IUSV was launched on Jul 24, 2000 and is managed by BlackRock.