iShares International Dividend Growth ETF (BATS:IGRO) Sees Large Decline in Short Interest

iShares International Dividend Growth ETF (BATS:IGRO) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,354 shares, a drop of 42.6% from the April 30th total of 11,071 shares. Based on an average daily trading volume, of 50,245 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in iShares International Dividend Growth ETF by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 195,114 shares of the company’s stock valued at $16,345,000 after purchasing an additional 6,566 shares during the period. Fifth Third Securities Inc. increased its stake in shares of iShares International Dividend Growth ETF by 4.1% in the fourth quarter. Fifth Third Securities Inc. now owns 149,024 shares of the company’s stock valued at $12,335,000 after purchasing an additional 5,909 shares during the period. Confluence Wealth Services Inc. raised its holdings in shares of iShares International Dividend Growth ETF by 0.9% during the fourth quarter. Confluence Wealth Services Inc. now owns 136,047 shares of the company’s stock valued at $11,261,000 after buying an additional 1,243 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of iShares International Dividend Growth ETF by 6.7% during the second quarter. Captrust Financial Advisors now owns 75,155 shares of the company’s stock valued at $5,929,000 after buying an additional 4,748 shares during the last quarter. Finally, Lynx Investment Advisory boosted its position in shares of iShares International Dividend Growth ETF by 2.0% during the third quarter. Lynx Investment Advisory now owns 74,062 shares of the company’s stock worth $5,901,000 after buying an additional 1,447 shares during the period.

iShares International Dividend Growth ETF Stock Performance

Shares of IGRO traded down $0.57 during midday trading on Tuesday, hitting $87.83. 38,875 shares of the stock traded hands, compared to its average volume of 58,315. iShares International Dividend Growth ETF has a 1-year low of $75.66 and a 1-year high of $90.48. The firm has a market capitalization of $1.34 billion, a PE ratio of 16.33 and a beta of 0.74. The business’s 50 day moving average price is $86.53 and its two-hundred day moving average price is $85.18.

About iShares International Dividend Growth ETF

The iShares International Dividend Growth ETF (IGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of international equities that have growing dividends. IGRO was launched on May 17, 2016 and is managed by BlackRock.