Short Interest in iShares Core S&P 500 ETF (NYSEARCA:IVV) Expands By 90.8%

iShares Core S&P 500 ETF (NYSEARCA:IVV) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,699,401 shares, a growth of 90.8% from the April 15th total of 7,702,235 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 4,697,279 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Keenan LLC purchased a new position in iShares Core S&P 500 ETF during the 4th quarter worth $26,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $29,000. Punch & Associates Investment Management Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 50.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the company’s stock valued at $27,000 after acquiring an additional 14 shares during the period. GS Investments Inc. increased its holdings in shares of iShares Core S&P 500 ETF by 83.3% in the 4th quarter. GS Investments Inc. now owns 44 shares of the company’s stock valued at $30,000 after acquiring an additional 20 shares during the period. Finally, Palouse Capital Management Inc. purchased a new position in shares of iShares Core S&P 500 ETF in the 4th quarter valued at $38,000. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core S&P 500 ETF Stock Performance

IVV traded down $9.11 during trading on Friday, hitting $742.45. 4,878,690 shares of the stock were exchanged, compared to its average volume of 8,064,497. The firm has a 50 day simple moving average of $691.05 and a 200 day simple moving average of $688.30. The firm has a market cap of $819.85 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 1 year low of $578.31 and a 1 year high of $753.02.

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.