iShares Core S&P 500 ETF (NYSEARCA:IVV) Sees Significant Decrease in Short Interest

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,087,926 shares, a decrease of 40.8% from the May 31st total of 10,289,275 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 11,719,982 shares, the days-to-cover ratio is presently 0.5 days.

iShares Core S&P 500 ETF Price Performance

Shares of NYSEARCA:IVV remained flat at $748.43 on Friday. The company’s stock had a trading volume of 6,031,506 shares, compared to its average volume of 8,802,434. The stock has a market cap of $887.34 billion, a P/E ratio of 25.10 and a beta of 1.00. The firm’s 50-day moving average price is $741.72 and its 200-day moving average price is $704.22. iShares Core S&P 500 ETF has a 1 year low of $620.85 and a 1 year high of $764.00.

Institutional Investors Weigh In On iShares Core S&P 500 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Keenan LLC bought a new stake in shares of iShares Core S&P 500 ETF during the 4th quarter worth $26,000. Punch & Associates Investment Management Inc. increased its stake in iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the company’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in iShares Core S&P 500 ETF during the fourth quarter valued at about $29,000. GS Investments Inc. raised its position in iShares Core S&P 500 ETF by 83.3% during the fourth quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Palouse Capital Management Inc. bought a new stake in iShares Core S&P 500 ETF during the fourth quarter worth about $38,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

About iShares Core S&P 500 ETF

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.