iShares Core S&P 500 ETF (NYSEARCA:IVV) Short Interest Up 75.6% in June

iShares Core S&P 500 ETF (NYSEARCA:IVV) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,691,827 shares, a growth of 75.6% from the June 15th total of 6,087,926 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 14,558,988 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Keenan LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 4th quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in iShares Core S&P 500 ETF in the 4th quarter valued at $29,000. Punch & Associates Investment Management Inc. raised its position in iShares Core S&P 500 ETF by 50.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Allied Private Wealth LLC purchased a new position in iShares Core S&P 500 ETF in the second quarter valued at about $33,000. Finally, GS Investments Inc. raised its position in iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock valued at $30,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Price Performance

iShares Core S&P 500 ETF stock opened at $746.72 on Friday. The stock’s 50-day moving average is $748.30 and its 200-day moving average is $709.28. The company has a market cap of $879.71 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 12 month low of $622.31 and a 12 month high of $764.00.

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.