iShares Core Dividend ETF (BATS:DIVB) Sees Large Drop in Short Interest

iShares Core Dividend ETF (BATS:DIVB) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 88,159 shares, a decrease of 47.6% from the May 31st total of 168,145 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 93,445 shares, the short-interest ratio is presently 0.9 days.

iShares Core Dividend ETF Price Performance

Shares of DIVB opened at $61.60 on Wednesday. iShares Core Dividend ETF has a 1-year low of $49.28 and a 1-year high of $62.62. The company has a market capitalization of $1.13 billion, a P/E ratio of 17.52 and a beta of 0.94. The firm’s 50 day simple moving average is $59.78 and its 200 day simple moving average is $56.47.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of iShares Core Dividend ETF by 59.6% during the 1st quarter. Royal Bank of Canada now owns 204,272 shares of the company’s stock worth $9,910,000 after acquiring an additional 76,298 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in iShares Core Dividend ETF in the first quarter valued at $2,108,000. JPMorgan Chase & Co. increased its stake in iShares Core Dividend ETF by 54.3% in the second quarter. JPMorgan Chase & Co. now owns 130,774 shares of the company’s stock valued at $6,581,000 after acquiring an additional 46,000 shares during the last quarter. Bank of America Corp DE increased its stake in iShares Core Dividend ETF by 16.6% in the second quarter. Bank of America Corp DE now owns 708,560 shares of the company’s stock valued at $35,655,000 after acquiring an additional 100,621 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in iShares Core Dividend ETF by 454.6% during the second quarter. Great Valley Advisor Group Inc. now owns 36,878 shares of the company’s stock valued at $1,855,000 after purchasing an additional 30,229 shares in the last quarter.

About iShares Core Dividend ETF

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.