iShares Core High Dividend ETF (NYSEARCA:HDV) Short Interest Update

iShares Core High Dividend ETF (NYSEARCA:HDV) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,665,827 shares, an increase of 113.7% from the May 14th total of 779,457 shares. Based on an average daily trading volume, of 2,806,475 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in iShares Core High Dividend ETF by 3.6% during the second quarter. Bank of America Corp DE now owns 4,501,871 shares of the exchange traded fund’s stock valued at $527,484,000 after purchasing an additional 155,098 shares during the period. Morgan Stanley boosted its position in shares of iShares Core High Dividend ETF by 1.8% during the fourth quarter. Morgan Stanley now owns 3,380,192 shares of the exchange traded fund’s stock worth $411,065,000 after purchasing an additional 59,258 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Core High Dividend ETF by 4.0% in the 4th quarter. LPL Financial LLC now owns 2,931,967 shares of the exchange traded fund’s stock valued at $356,557,000 after buying an additional 111,853 shares during the period. Auto Owners Insurance Co grew its holdings in shares of iShares Core High Dividend ETF by 12,061.0% in the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock valued at $35,198,000 after buying an additional 2,870,518 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of iShares Core High Dividend ETF by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,546,611 shares of the exchange traded fund’s stock valued at $188,083,000 after buying an additional 174,193 shares in the last quarter.

iShares Core High Dividend ETF Price Performance

Shares of NYSEARCA HDV opened at $27.33 on Monday. The company’s 50 day simple moving average is $27.17 and its 200 day simple moving average is $26.39. The firm has a market capitalization of $13.54 billion, a P/E ratio of 18.55 and a beta of 0.53. iShares Core High Dividend ETF has a fifty-two week low of $23.16 and a fifty-two week high of $28.18.

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.