iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sees Significant Decrease in Short Interest

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 55,486 shares, a drop of 39.5% from the April 30th total of 91,708 shares. Based on an average daily trading volume, of 388,192 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Core 60/40 Balanced Allocation ETF

Several large investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. increased its position in iShares Core 60/40 Balanced Allocation ETF by 1,205.7% in the first quarter. SOA Wealth Advisors LLC. now owns 8,996 shares of the company’s stock worth $579,000 after buying an additional 8,307 shares during the period. EverSource Wealth Advisors LLC increased its position in iShares Core 60/40 Balanced Allocation ETF by 494.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,842 shares of the company’s stock worth $247,000 after buying an additional 3,196 shares during the period. IMA Advisory Services Inc. increased its position in iShares Core 60/40 Balanced Allocation ETF by 2.7% in the first quarter. IMA Advisory Services Inc. now owns 26,161 shares of the company’s stock worth $1,683,000 after buying an additional 699 shares during the period. Cornerstone Planning Group LLC increased its position in iShares Core 60/40 Balanced Allocation ETF by 46.0% in the first quarter. Cornerstone Planning Group LLC now owns 9,274 shares of the company’s stock worth $630,000 after buying an additional 2,923 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares Core 60/40 Balanced Allocation ETF by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 52,150 shares of the company’s stock worth $3,356,000 after purchasing an additional 2,192 shares in the last quarter.

iShares Core 60/40 Balanced Allocation ETF Price Performance

Shares of NYSEARCA AOR opened at $69.65 on Friday. iShares Core 60/40 Balanced Allocation ETF has a 1-year low of $59.75 and a 1-year high of $69.92. The business’s fifty day moving average price is $67.31 and its two-hundred day moving average price is $66.29. The firm has a market capitalization of $3.58 billion, a PE ratio of 19.83 and a beta of 0.64.

About iShares Core 60/40 Balanced Allocation ETF

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.