iShares Large Cap Core Active ETF (NASDAQ:BLCR) Sees Significant Increase in Short Interest

iShares Large Cap Core Active ETF (NASDAQ:BLCR) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 783,113 shares, a growth of 526.8% from the May 14th total of 124,947 shares. Based on an average daily volume of 1,420,273 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in iShares Large Cap Core Active ETF during the first quarter worth $73,472,000. Janney Montgomery Scott LLC acquired a new position in iShares Large Cap Core Active ETF during the first quarter worth $73,344,000. Beacon Financial Group acquired a new position in iShares Large Cap Core Active ETF during the first quarter worth $8,807,000. Fifth Third Wealth Advisors LLC acquired a new position in iShares Large Cap Core Active ETF during the first quarter worth $3,066,000. Finally, Cornerstone Planning Group LLC acquired a new position in iShares Large Cap Core Active ETF during the first quarter worth $2,188,000.

iShares Large Cap Core Active ETF Stock Performance

NASDAQ:BLCR traded up $0.30 during trading hours on Thursday, hitting $48.23. The stock had a trading volume of 184,209 shares, compared to its average volume of 1,206,579. iShares Large Cap Core Active ETF has a one year low of $34.64 and a one year high of $51.02. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 29.58 and a beta of 1.19. The business’s 50 day moving average is $47.43 and its 200-day moving average is $44.28.

iShares Large Cap Core Active ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $0.0035 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Tuesday, March 17th.

About iShares Large Cap Core Active ETF

The BlackRock Large Cap Core ETF (BLCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of attractively valued large-cap equity securities selected through fundamental and quantitative analysis. It primarily holds US companies but may invest in foreign securities up to 25%. BLCR was launched on Oct 24, 2023 and is issued by BlackRock.