iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Significant Drop in Short Interest

iShares Core High Dividend ETF (NYSEARCA:HDV) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 771,168 shares, a decline of 37.9% from the July 30th total of 1,242,111 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,555,753 shares, the short-interest ratio is presently 0.2 days.

iShares Core High Dividend ETF Stock Up 0.0%

Shares of NYSEARCA HDV traded up $0.01 during midday trading on Wednesday, hitting $29.62. The stock had a trading volume of 403,469 shares, compared to its average volume of 3,899,351. The business’s 50 day moving average is $28.62 and its 200-day moving average is $27.71. iShares Core High Dividend ETF has a 52 week low of $23.51 and a 52 week high of $30.13. The company has a market cap of $15.30 billion, a P/E ratio of 18.55 and a beta of 0.52.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP boosted its stake in iShares Core High Dividend ETF by 467.6% during the 2nd quarter. Corient Private Wealth LP now owns 271,194 shares of the exchange traded fund’s stock valued at $7,433,000 after purchasing an additional 223,411 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of iShares Core High Dividend ETF by 397.6% in the second quarter. HighTower Advisors LLC now owns 608,957 shares of the exchange traded fund’s stock worth $16,692,000 after purchasing an additional 486,567 shares during the last quarter. Advus Financial Partners LLC lifted its holdings in shares of iShares Core High Dividend ETF by 101.8% during the second quarter. Advus Financial Partners LLC now owns 39,311 shares of the exchange traded fund’s stock valued at $1,078,000 after purchasing an additional 19,834 shares in the last quarter. Financial Insights Inc. lifted its holdings in shares of iShares Core High Dividend ETF by 400.0% during the second quarter. Financial Insights Inc. now owns 12,635 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 10,108 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its position in shares of iShares Core High Dividend ETF by 400.0% during the second quarter. Washington Trust Advisors Inc. now owns 15,910 shares of the exchange traded fund’s stock valued at $436,000 after buying an additional 12,728 shares during the last quarter.

About iShares Core High Dividend ETF

The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.