iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Significant Growth in Short Interest

iShares Core High Dividend ETF (NYSEARCA:HDV) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 937,708 shares, an increase of 316.5% from the April 15th total of 225,119 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,225,468 shares, the days-to-cover ratio is presently 0.4 days.

iShares Core High Dividend ETF Stock Performance

Shares of NYSEARCA HDV traded down $0.06 during mid-day trading on Wednesday, reaching $27.14. The company had a trading volume of 2,285,246 shares, compared to its average volume of 3,711,670. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 18.55 and a beta of 0.54. The business’s 50-day simple moving average is $26.97 and its 200 day simple moving average is $25.84. iShares Core High Dividend ETF has a one year low of $22.65 and a one year high of $28.18.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in iShares Core High Dividend ETF by 101.9% in the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 109 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in iShares Core High Dividend ETF during the 1st quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in iShares Core High Dividend ETF in the 4th quarter valued at approximately $28,000. EPG Wealth Management LLC bought a new position in iShares Core High Dividend ETF in the 3rd quarter valued at approximately $40,000. Finally, EQ Wealth Advisors LLC acquired a new stake in iShares Core High Dividend ETF in the fourth quarter valued at approximately $40,000.

iShares Core High Dividend ETF Company Profile

The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.