Short Interest in iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Drops By 32.6%

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 41,548 shares, a decline of 32.6% from the June 30th total of 61,685 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 110,770 shares, the days-to-cover ratio is currently 0.4 days.

iShares Core 30/70 Conservative Allocation ETF Price Performance

AOK opened at $40.94 on Friday. The firm has a fifty day moving average price of $41.21 and a 200 day moving average price of $40.85. iShares Core 30/70 Conservative Allocation ETF has a 1 year low of $38.91 and a 1 year high of $41.63. The stock has a market cap of $788.10 million, a P/E ratio of 19.61 and a beta of 0.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of iShares Core 30/70 Conservative Allocation ETF by 127.9% in the first quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock worth $33,000 after acquiring an additional 458 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 4th quarter valued at about $15,600,000. Integrated Wealth Concepts LLC grew its position in shares of iShares Core 30/70 Conservative Allocation ETF by 15.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 19,929 shares of the company’s stock valued at $800,000 after acquiring an additional 2,602 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 4th quarter valued at about $1,041,000. Finally, Waterloo Capital L.P. increased its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 157.7% in the 4th quarter. Waterloo Capital L.P. now owns 36,058 shares of the company’s stock valued at $1,447,000 after purchasing an additional 22,065 shares in the last quarter.

iShares Core 30/70 Conservative Allocation ETF Company Profile

iShares Conservative Allocation ETF, formerly iShares S&P Conservative Allocation Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.