iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) Sees Large Growth in Short Interest

iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 54,348 shares, a growth of 107.8% from the May 14th total of 26,151 shares. Based on an average daily volume of 44,694 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

iShares Large Cap Deep Quarterly Laddered ETF Stock Up 0.3%

Shares of IVVB traded up $0.09 on Friday, hitting $34.39. The company’s stock had a trading volume of 25,413 shares, compared to its average volume of 23,002. The firm’s fifty day moving average price is $33.88 and its 200-day moving average price is $33.42. iShares Large Cap Deep Quarterly Laddered ETF has a fifty-two week low of $30.55 and a fifty-two week high of $36.92. The firm has a market capitalization of $295.75 million, a price-to-earnings ratio of 24.72 and a beta of 0.72.

Hedge Funds Weigh In On iShares Large Cap Deep Quarterly Laddered ETF

A hedge fund recently raised its stake in iShares Large Cap Deep Quarterly Laddered ETF stock. Captrust Financial Advisors grew its position in shares of iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 378,347 shares of the company’s stock after acquiring an additional 47,416 shares during the quarter. Captrust Financial Advisors owned 5.06% of iShares Large Cap Deep Quarterly Laddered ETF worth $11,733,000 at the end of the most recent reporting period.

About iShares Large Cap Deep Quarterly Laddered ETF

The iShares Large Cap Deep Buffer ETF (IVVB) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a downside hedge against declines occurring in the range of 5-20%, during a calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.