iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Large Growth in Short Interest

iShares Core High Dividend ETF (NYSEARCA:HDV) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 1,360,922 shares, an increase of 76.5% from the August 15th total of 771,168 shares. Based on an average daily volume of 4,258,603 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

iShares Core High Dividend ETF Trading Down 0.1%

NYSEARCA HDV traded down $0.02 during trading hours on Thursday, hitting $28.87. 8,565,187 shares of the company’s stock were exchanged, compared to its average volume of 3,928,079. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. The stock has a 50-day simple moving average of $28.99 and a 200 day simple moving average of $27.84. iShares Core High Dividend ETF has a 1-year low of $23.51 and a 1-year high of $30.13.

iShares Core High Dividend ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 19th were paid a $0.1046 dividend. The ex-dividend date was Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from iShares Core High Dividend ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC boosted its holdings in iShares Core High Dividend ETF by 0.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 13,404 shares of the exchange traded fund’s stock worth $1,819,000 after acquiring an additional 80 shares during the last quarter. Plan A Wealth LLC increased its stake in shares of iShares Core High Dividend ETF by 4.7% during the 4th quarter. Plan A Wealth LLC now owns 1,893 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 85 shares during the last quarter. Straight Path Wealth Management raised its stake in shares of iShares Core High Dividend ETF by 1.0% in the fourth quarter. Straight Path Wealth Management now owns 9,112 shares of the exchange traded fund’s stock valued at $1,108,000 after buying an additional 93 shares during the period. Wellspring Financial Advisors LLC raised its stake in iShares Core High Dividend ETF by 1.0% in the 4th quarter. Wellspring Financial Advisors LLC now owns 12,117 shares of the exchange traded fund’s stock valued at $1,474,000 after acquiring an additional 121 shares during the period. Finally, Patten Group Inc. raised its position in shares of iShares Core High Dividend ETF by 1.5% in the first quarter. Patten Group Inc. now owns 9,160 shares of the exchange traded fund’s stock valued at $1,243,000 after purchasing an additional 136 shares during the period.

About iShares Core High Dividend ETF

The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.