iShares Core S&P 500 ETF (NYSEARCA:IVV) Shares Shorted: Short Interest Down 39.7% in September

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,949,478 shares, a decline of 39.7% from the August 31st total of 8,208,089 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 10,269,011 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Keenan LLC purchased a new position in shares of iShares Core S&P 500 ETF in the fourth quarter worth approximately $26,000. Punch & Associates Investment Management Inc. grew 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 valued at $27,000 after buying an additional 14 shares during the period. Allied Private Wealth LLC purchased a new stake in iShares Core S&P 500 ETF during the second quarter valued at approximately $33,000. Montgomery Financial Services LLC purchased a new stake in iShares Core S&P 500 ETF during the second quarter valued at approximately $32,000. Finally, Burkett Financial Services LLC raised its holdings in iShares Core S&P 500 ETF by 89.2% in the 3rd quarter. Burkett Financial Services LLC now owns 70 shares of the ETF’s stock worth $54,000 after purchasing an additional 33 shares during the period. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of NYSEARCA IVV traded up $4.94 during midday trading on Friday, hitting $772.32. 2,082,558 shares of the stock traded hands, compared to its average volume of 7,946,283. The firm has a 50-day moving average of $767.14 and a two-hundred day moving average of $738.42. The firm has a market capitalization of $887.86 billion, a P/E ratio of 25.10 and a beta of 1.00. iShares Core S&P 500 ETF has a one year low of $632.14 and a one year high of $783.09.

iShares Core S&P 500 ETF Company Profile

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.