iShares Core S&P 500 ETF (NYSEARCA:IVV) Stock Short Interest Climbs 61.6%

iShares Core S&P 500 ETF (NYSEARCA:IVV) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,887,528 shares, an increase of 61.6% from the September 30th total of 4,262,559 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 4,800,021 shares, the days-to-cover ratio is presently 1.4 days.

iShares Core S&P 500 ETF Trading Up 0.5%

Shares of NYSEARCA:IVV traded up $4.12 during trading on Monday, hitting $763.30. 1,259,311 shares of the company’s stock traded hands, compared to its average volume of 7,613,330. iShares Core S&P 500 ETF has a 52 week low of $632.14 and a 52 week high of $785.03. The company has a market cap of $875.20 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. The company has a 50-day moving average price of $770.86 and a 200-day moving average price of $731.81.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Citrine Capital LLC raised its position in iShares Core S&P 500 ETF by 2.8% in the 3rd quarter. Citrine Capital LLC now owns 474 shares of the ETF’s stock valued at $363,000 after buying an additional 13 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Hidden Cove Wealth Management LLC lifted its stake in iShares Core S&P 500 ETF by 3.5% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 409 shares of the ETF’s stock valued at $306,000 after acquiring an additional 14 shares in the last quarter. IFC & Insurance Marketing Inc. boosted its position in iShares Core S&P 500 ETF by 3.9% during the 3rd quarter. IFC & Insurance Marketing Inc. now owns 371 shares of the ETF’s stock worth $284,000 after acquiring an additional 14 shares during the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. boosted its position in iShares Core S&P 500 ETF by 3.0% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 481 shares of the ETF’s stock worth $368,000 after acquiring an additional 14 shares during the last quarter. 70.12% of the stock is owned by institutional investors.

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.