Short Interest in iShares Core S&P 500 ETF (NYSEARCA:IVV) Grows By 75.6%

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,691,827 shares, an increase of 75.6% from the June 15th total of 6,087,926 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 14,558,988 shares, the days-to-cover ratio is currently 0.7 days.

iShares Core S&P 500 ETF Stock Down 1.0%

Shares of IVV stock opened at $746.72 on Friday. The company has a market cap of $879.71 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a 52 week low of $622.31 and a 52 week high of $764.00. The business has a 50 day moving average of $748.30 and a two-hundred day moving average of $709.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IVV. Keenan LLC purchased a new position in iShares Core S&P 500 ETF in the 4th quarter worth about $26,000. Punch & Associates Investment Management Inc. increased its position in iShares Core S&P 500 ETF by 50.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 42 shares of the ETF’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in iShares Core S&P 500 ETF during the fourth quarter valued at approximately $29,000. GS Investments Inc. increased its stake in shares of iShares Core S&P 500 ETF by 83.3% in the fourth quarter. GS Investments Inc. now owns 44 shares of the ETF’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Allied Private Wealth LLC bought a new position in iShares Core S&P 500 ETF during the second quarter worth $33,000. 70.12% of the stock is owned by institutional investors and hedge funds.

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.