iShares Core S&P 500 ETF (NYSEARCA:IVV) Shares Shorted: Short Interest Down 39.7% in September

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 4,949,478 shares, a decline of 39.7% from the August 31st total of 8,208,089 shares. Based on an average daily volume of 10,269,011 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

iShares Core S&P 500 ETF Stock Performance

NYSEARCA IVV traded up $1.53 during trading hours on Thursday, reaching $767.38. 6,543,236 shares of the company’s stock were exchanged, compared to its average volume of 7,978,367. The company has a market capitalization of $882.18 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company’s 50-day moving average is $767.14 and its two-hundred day moving average is $738.42. iShares Core S&P 500 ETF has a one year low of $632.14 and a one year high of $783.09.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in IVV. Envestnet Asset Management Inc. increased its holdings in iShares Core S&P 500 ETF by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after purchasing an additional 8,432,228 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock valued at $26,225,264,000 after purchasing an additional 421,146 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of iShares Core S&P 500 ETF by 400.8% during the fourth quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after buying an additional 13,946,081 shares during the period. Millennium Management LLC boosted its position in shares of iShares Core S&P 500 ETF by 93.3% during the fourth quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock worth $9,927,711,000 after buying an additional 6,995,145 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares Core S&P 500 ETF by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 13,475,084 shares of the ETF’s stock worth $9,229,625,000 after buying an additional 34,574 shares in the last quarter. 70.12% of the stock is currently owned by institutional investors and hedge funds.

iShares Core S&P 500 ETF Company Profile

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.