iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Large Growth in Short Interest

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 614,968 shares, a growth of 24.5% from the January 29th total of 494,141 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,630,662 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 2,630,662 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several institutional investors have recently bought and sold shares of DGRO. Greenline Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at $25,000. Tortoise Investment Management LLC grew its position in shares of iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after acquiring an additional 179 shares during the period. Ankerstar Wealth LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth about $26,000. Group One Trading LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at about $28,000. Finally, Costello Asset Management INC raised its holdings in shares of iShares Core Dividend Growth ETF by 79.5% in the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after purchasing an additional 186 shares during the period.

iShares Core Dividend Growth ETF Price Performance

DGRO stock traded up $0.11 during trading hours on Wednesday, reaching $73.18. 2,248,591 shares of the stock were exchanged, compared to its average volume of 2,404,424. The firm’s 50-day moving average is $71.96 and its 200-day moving average is $69.48. iShares Core Dividend Growth ETF has a 12 month low of $54.09 and a 12 month high of $74.28. The company has a market cap of $38.21 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

About iShares Core Dividend Growth ETF

The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that is based on the Morningstar US Dividend Growth index. The fund tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on Jun 10, 2014 and is managed by BlackRock.