Short Interest in iShares Core Dividend ETF (BATS:DIVB) Drops By 47.6%

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

iShares Core Dividend ETF Trading Down 0.2%

DIVB stock opened at $62.05 on Tuesday. The stock has a market cap of $1.14 billion, a P/E ratio of 17.52 and a beta of 0.94. The stock’s fifty day simple moving average is $59.67 and its two-hundred day simple moving average is $56.42. iShares Core Dividend ETF has a 1-year low of $49.28 and a 1-year high of $62.62.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC raised its position in iShares Core Dividend ETF by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 6,568 shares of the company’s stock worth $354,000 after acquiring an additional 185 shares during the period. Advisory Services Network LLC grew its position in shares of iShares Core Dividend ETF by 2.7% during the 3rd quarter. Advisory Services Network LLC now owns 8,864 shares of the company’s stock valued at $463,000 after acquiring an additional 232 shares during the period. M3 Advisory Group LLC increased its stake in shares of iShares Core Dividend ETF by 6.0% during the 4th quarter. M3 Advisory Group LLC now owns 4,464 shares of the company’s stock worth $237,000 after purchasing an additional 252 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of iShares Core Dividend ETF by 1.8% during the 4th quarter. CreativeOne Wealth LLC now owns 17,892 shares of the company’s stock worth $951,000 after purchasing an additional 315 shares during the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of iShares Core Dividend ETF by 6.1% in the 4th quarter. Csenge Advisory Group now owns 5,547 shares of the company’s stock worth $295,000 after purchasing an additional 317 shares during the period.

iShares Core Dividend ETF Company Profile

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.