Short Interest in iShares Core S&P 500 ETF (NYSEARCA:IVV) Expands By 90.8%

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,699,401 shares, a growth of 90.8% from the April 15th total of 7,702,235 shares. Based on an average trading volume of 4,697,279 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.3% of the company’s stock are sold short.

iShares Core S&P 500 ETF Trading Down 1.2%

Shares of NYSEARCA:IVV traded down $9.11 on Friday, reaching $742.45. The company had a trading volume of 4,878,690 shares, compared to its average volume of 8,064,497. iShares Core S&P 500 ETF has a 52-week low of $578.31 and a 52-week high of $753.02. The firm’s 50 day simple moving average is $691.05 and its 200-day simple moving average is $688.30. The firm has a market capitalization of $819.85 billion, a PE ratio of 25.10 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of iShares Core S&P 500 ETF in the 4th quarter worth $331,591,000. Bison Wealth LLC boosted its position in shares of iShares Core S&P 500 ETF by 24.0% in the 4th quarter. Bison Wealth LLC now owns 7,799 shares of the company’s stock worth $4,591,000 after purchasing an additional 1,511 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of iShares Core S&P 500 ETF by 0.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 5,656 shares of the company’s stock worth $3,512,000 after purchasing an additional 45 shares in the last quarter. First Trust Advisors LP boosted its position in shares of iShares Core S&P 500 ETF by 43.1% in the 2nd quarter. First Trust Advisors LP now owns 6,989 shares of the company’s stock worth $4,340,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Sei Investments Co. now owns 8,455 shares of the company’s stock worth $5,250,000 after purchasing an additional 97 shares in the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

About iShares Core S&P 500 ETF

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.