iShares Core S&P 500 ETF (NYSEARCA:IVV) Short Interest Down 40.8% in June

iShares Core S&P 500 ETF (NYSEARCA:IVV) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,087,926 shares, a drop of 40.8% from the May 31st total of 10,289,275 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 11,719,982 shares, the days-to-cover ratio is presently 0.5 days.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock traded up $0.21 during mid-day trading on Wednesday, hitting $749.10. The company’s stock had a trading volume of 6,320,280 shares, compared to its average volume of 8,824,649. The stock has a market cap of $888.13 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The business has a 50 day moving average price of $740.15 and a 200-day moving average price of $703.37. iShares Core S&P 500 ETF has a 12 month low of $619.58 and a 12 month high of $764.00.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its stake in shares of iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the company’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Anchor Investment Management LLC grew its holdings in shares of iShares Core S&P 500 ETF by 3.1% in the third quarter. Anchor Investment Management LLC now owns 503 shares of the company’s stock worth $337,000 after purchasing an additional 15 shares during the last quarter. Wealth Effects LLC increased its stake in shares of iShares Core S&P 500 ETF by 0.4% in the fourth quarter. Wealth Effects LLC now owns 4,276 shares of the company’s stock worth $2,929,000 after buying an additional 15 shares during the period. West Wealth Group LLC increased its stake in shares of iShares Core S&P 500 ETF by 1.1% in the fourth quarter. West Wealth Group LLC now owns 1,440 shares of the company’s stock worth $987,000 after buying an additional 15 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management raised its holdings in iShares Core S&P 500 ETF by 2.9% during the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 539 shares of the company’s stock valued at $369,000 after buying an additional 15 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

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.