iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Stock Short Interest Jumps 576.9%

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 39,553 shares, a growth of 576.9% from the October 15th total of 5,843 shares. Based on an average daily trading volume, of 342,573 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of iShares Core 30/70 Conservative Allocation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AOK. Sunbelt Securities Inc. lifted its holdings in 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 last quarter. Rothschild Investment LLC acquired a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 3rd quarter worth approximately $128,000. Parallel Advisors LLC bought a new stake in shares of iShares Core 30/70 Conservative Allocation ETF in the 3rd quarter worth approximately $143,000. Bogart Wealth LLC bought a new stake in shares of iShares Core 30/70 Conservative Allocation ETF in the 3rd quarter worth approximately $145,000. Finally, Compass Financial Management LLC acquired a new position in iShares Core 30/70 Conservative Allocation ETF during the 2nd quarter valued at approximately $214,000.

iShares Core 30/70 Conservative Allocation ETF Price Performance

AOK traded down $0.23 during trading hours on Thursday, reaching $40.34. 234,707 shares of the stock traded hands, compared to its average volume of 209,553. The firm’s fifty day simple moving average is $40.64 and its two-hundred day simple moving average is $40.86. The company has a market cap of $851.07 million, a price-to-earnings ratio of 19.61 and a beta of 0.46. iShares Core 30/70 Conservative Allocation ETF has a fifty-two week low of $39.31 and a fifty-two week high of $41.63.

About iShares Core 30/70 Conservative Allocation ETF

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.