iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Increase in Short Interest

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 44,149 shares, a growth of 234.8% from the June 30th total of 13,186 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 124,780 shares, the short-interest ratio is currently 0.4 days.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

Shares of AOM traded up $0.09 during mid-day trading on Tuesday, hitting $49.04. 31,502 shares of the stock were exchanged, compared to its average volume of 159,537. The company has a market cap of $1.75 billion, a PE ratio of 19.75 and a beta of 0.51. iShares Core 40/60 Moderate Allocation ETF has a 52-week low of $45.61 and a 52-week high of $50.10. The firm has a 50-day moving average of $49.47 and a two-hundred day moving average of $48.77.

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

A number of hedge funds have recently bought and sold shares of AOM. Weitzel Financial Services Inc. increased its position in iShares Core 40/60 Moderate Allocation ETF by 3.9% during the 1st quarter. Weitzel Financial Services Inc. now owns 313,078 shares of the company’s stock valued at $14,846,000 after purchasing an additional 11,814 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 281,931 shares of the company’s stock valued at $12,995,000 after purchasing an additional 17,790 shares in the last quarter. American Trust increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 0.6% during the third quarter. American Trust now owns 98,698 shares of the company’s stock valued at $4,696,000 after buying an additional 613 shares during the period. Western Wealth Management LLC bought a new position in iShares Core 40/60 Moderate Allocation ETF in the fourth quarter worth approximately $4,460,000. Finally, JPMorgan Chase & Co. raised its stake in iShares Core 40/60 Moderate Allocation ETF by 148.3% in the second quarter. JPMorgan Chase & Co. now owns 45,472 shares of the company’s stock worth $2,094,000 after buying an additional 27,156 shares in the last quarter.

About iShares Core 40/60 Moderate Allocation ETF

iShares Moderate Allocation ETF, formerly iShares S&P Moderate Allocation Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Moderate Index (the Moderate Allocation Index). The Moderate Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. The Fund is designed for investors seeking current income, some capital preservation and an opportunity for moderate to low capital appreciation.