Short Interest in iShares Core Dividend ETF (BATS:DIVB) Increases By 79.6%

iShares Core Dividend ETF (BATS:DIVB) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 83,055 shares, a growth of 79.6% from the April 15th total of 46,243 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 80,156 shares, the short-interest ratio is currently 1.0 days.

iShares Core Dividend ETF Stock Performance

Shares of BATS:DIVB opened at $58.68 on Wednesday. iShares Core Dividend ETF has a 52-week low of $47.61 and a 52-week high of $59.00. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The stock’s 50-day simple moving average is $55.53 and its two-hundred day simple moving average is $54.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC lifted its position in shares of iShares Core Dividend ETF by 2.9% during the 1st quarter. Western Wealth Management LLC now owns 30,986 shares of the company’s stock valued at $1,672,000 after buying an additional 878 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares Core Dividend ETF by 13.4% during the 1st quarter. Bank of America Corp DE now owns 1,345,888 shares of the company’s stock valued at $72,611,000 after buying an additional 159,091 shares in the last quarter. IFS Group LLC purchased a new position in shares of iShares Core Dividend ETF during the 1st quarter valued at about $321,000. Royal Bank of Canada lifted its position in shares of iShares Core Dividend ETF by 307.8% during the 1st quarter. Royal Bank of Canada now owns 94,420 shares of the company’s stock valued at $5,093,000 after buying an additional 71,268 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in shares of iShares Core Dividend ETF during the 1st quarter valued at about $208,000.

iShares Core Dividend ETF Company Profile

The iShares U.S. Dividend and Buyback ETF (DIVB) is an exchange-traded fund that is based on the Morningstar US Dividend and Buyback index. The fund tracks an index of all-cap US stocks that have a history of dividend payments and\u002For share buybacks. DIVB was launched on Nov 7, 2017 and is managed by BlackRock.