iShares S&P 500 Value Index (IVE) Sees Significant Decline in Short Interest

iShares S&P 500 Value Index (NYSEARCA:IVE) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 281,681 shares, a decrease of 46.2% from the January 12th total of 523,501 shares. Based on an average daily volume of 1,254,728 shares, the short-interest ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new stake in shares of iShares S&P 500 Value Index during the fourth quarter worth approximately $263,000. North Star Investment Management Corp. increased its holdings in shares of iShares S&P 500 Value Index by 1.3% during the fourth quarter. North Star Investment Management Corp. now owns 168,405 shares of the company’s stock worth $19,239,000 after buying an additional 2,172 shares in the last quarter. Plancorp LLC increased its holdings in shares of iShares S&P 500 Value Index by 54.5% during the fourth quarter. Plancorp LLC now owns 4,495 shares of the company’s stock worth $513,000 after buying an additional 1,585 shares in the last quarter. GenWealth Group Inc. increased its holdings in shares of iShares S&P 500 Value Index by 52.6% during the fourth quarter. GenWealth Group Inc. now owns 28,672 shares of the company’s stock worth $3,436,000 after buying an additional 9,884 shares in the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of iShares S&P 500 Value Index during the third quarter worth approximately $2,104,000.

iShares S&P 500 Value Index (IVE) opened at $112.98 on Thursday. The stock has a market cap of $14,780.00 and a PE ratio of 14.18. iShares S&P 500 Value Index has a 52-week low of $101.78 and a 52-week high of $121.12.

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About iShares S&P 500 Value Index

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.

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