Short Interest in iShares Large Cap Core Active ETF (NASDAQ:BLCR) Expands By 526.8%

iShares Large Cap Core Active ETF (NASDAQ:BLCR) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 783,113 shares, a growth of 526.8% from the May 14th total of 124,947 shares. Based on an average daily volume of 1,420,273 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

iShares Large Cap Core Active ETF Stock Performance

iShares Large Cap Core Active ETF stock opened at $48.87 on Wednesday. The stock has a fifty day moving average of $47.27 and a two-hundred day moving average of $44.22. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 29.58 and a beta of 1.19. iShares Large Cap Core Active ETF has a fifty-two week low of $34.64 and a fifty-two week high of $51.02.

iShares Large Cap Core Active ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.0035 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.01 annualized dividend and a yield of 0.0%.

Hedge Funds Weigh In On iShares Large Cap Core Active ETF

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in iShares Large Cap Core Active ETF during the first quarter worth $73,472,000. Janney Montgomery Scott LLC purchased a new position in iShares Large Cap Core Active ETF during the first quarter worth $73,344,000. Beacon Financial Group purchased a new position in iShares Large Cap Core Active ETF during the first quarter worth $8,807,000. Fifth Third Wealth Advisors LLC purchased a new position in iShares Large Cap Core Active ETF during the first quarter worth $3,066,000. Finally, Cornerstone Planning Group LLC purchased a new position in iShares Large Cap Core Active ETF during the first quarter worth $2,188,000.

About iShares Large Cap Core Active ETF

The BlackRock Large Cap Core ETF (BLCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of attractively valued large-cap equity securities selected through fundamental and quantitative analysis. It primarily holds US companies but may invest in foreign securities up to 25%. BLCR was launched on Oct 24, 2023 and is issued by BlackRock.