iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Large Growth in Short Interest

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 97,803 shares, an increase of 134.2% from the May 31st total of 41,766 shares. Based on an average trading volume of 190,791 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

iShares Core 30/70 Conservative Allocation ETF Stock Down 0.1%

AOK stock traded down $0.04 during trading on Wednesday, reaching $41.44. 93,475 shares of the company’s stock were exchanged, compared to its average volume of 198,043. iShares Core 30/70 Conservative Allocation ETF has a 1-year low of $38.59 and a 1-year high of $41.63. The firm has a market cap of $764.57 million, a PE ratio of 19.61 and a beta of 0.45. The company’s fifty day moving average price is $41.20 and its 200-day moving average price is $40.75.

Hedge Funds Weigh In On iShares Core 30/70 Conservative Allocation ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its position in shares of iShares Core 30/70 Conservative Allocation ETF by 3.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,975 shares of the company’s stock worth $601,000 after buying an additional 448 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in iShares Core 30/70 Conservative Allocation ETF by 127.9% during the first quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock worth $33,000 after purchasing an additional 458 shares in the last quarter. Legacy Financial Group LLC lifted its position in iShares Core 30/70 Conservative Allocation ETF by 7.7% in the fourth quarter. Legacy Financial Group LLC now owns 9,191 shares of the company’s stock worth $373,000 after purchasing an additional 660 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares Core 30/70 Conservative Allocation ETF in the fourth quarter worth approximately $30,000. Finally, NewEdge Advisors LLC boosted its stake in iShares Core 30/70 Conservative Allocation ETF by 59.9% during the 3rd quarter. NewEdge Advisors LLC now owns 3,270 shares of the company’s stock valued at $131,000 after purchasing an additional 1,225 shares in the last quarter.

iShares Core 30/70 Conservative Allocation ETF Company Profile

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.