iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Drop in Short Interest

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 13,186 shares, a decline of 62.2% from the June 15th total of 34,925 shares. Based on an average daily volume of 183,117 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Core 40/60 Moderate Allocation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Weitzel Financial Services Inc. lifted its position in iShares Core 40/60 Moderate Allocation ETF by 3.9% in the 1st quarter. Weitzel Financial Services Inc. now owns 313,078 shares of the company’s stock valued at $14,846,000 after acquiring an additional 11,814 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 281,931 shares of the company’s stock worth $12,995,000 after purchasing an additional 17,790 shares in the last quarter. American Trust increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 0.6% during the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after purchasing an additional 613 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 4th quarter valued at about $4,460,000. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 148.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,472 shares of the company’s stock valued at $2,094,000 after purchasing an additional 27,156 shares during the period.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

AOM stock traded up $0.32 during mid-day trading on Tuesday, hitting $49.27. 112,621 shares of the company were exchanged, compared to its average volume of 160,451. The firm has a market cap of $1.77 billion, a P/E ratio of 19.75 and a beta of 0.51. The firm’s 50 day simple moving average is $49.52 and its 200 day simple moving average is $48.69. iShares Core 40/60 Moderate Allocation ETF has a 1-year low of $45.31 and a 1-year high of $50.10.

iShares Core 40/60 Moderate Allocation ETF Company Profile

iShares Moderate Allocation ETF, formerly iShares S&P Moderate 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 Moderate Index (the Moderate Allocation Index). The Moderate Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. The Fund is designed for investors seeking current income, some capital preservation and an opportunity for moderate to low capital appreciation.