Short Interest in iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Drops By 47.3%

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 41,766 shares, a decline of 47.3% from the May 14th total of 79,327 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 305,047 shares, the days-to-cover ratio is presently 0.1 days.

iShares Core 30/70 Conservative Allocation ETF Price Performance

NYSEARCA AOK traded up $0.06 during trading on Friday, reaching $41.32. 131,250 shares of the company’s stock were exchanged, compared to its average volume of 200,594. The business has a 50 day moving average price of $40.97 and a 200-day moving average price of $40.67. The stock has a market capitalization of $762.35 million, a P/E ratio of 19.61 and a beta of 0.45. iShares Core 30/70 Conservative Allocation ETF has a fifty-two week low of $38.31 and a fifty-two week high of $41.61.

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

A number of institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new position in iShares Core 30/70 Conservative Allocation ETF during the fourth quarter worth approximately $15,600,000. Congress Asset Management Co. increased its position in iShares Core 30/70 Conservative Allocation ETF by 222.0% during the fourth quarter. Congress Asset Management Co. now owns 135,812 shares of the company’s stock worth $5,450,000 after buying an additional 93,636 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in iShares Core 30/70 Conservative Allocation ETF during the third quarter worth approximately $1,640,000. Waterloo Capital L.P. increased its position in iShares Core 30/70 Conservative Allocation ETF by 157.7% during the fourth quarter. Waterloo Capital L.P. now owns 36,058 shares of the company’s stock worth $1,447,000 after buying an additional 22,065 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the fourth quarter valued at approximately $1,041,000.

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.