Short Interest in iShares Core S&P 500 ETF (NYSEARCA:IVV) Grows By 75.6%

iShares Core S&P 500 ETF (NYSEARCA:IVV) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 10,691,827 shares, a growth of 75.6% from the June 15th total of 6,087,926 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 14,558,988 shares, the days-to-cover ratio is currently 0.7 days.

iShares Core S&P 500 ETF Trading Down 0.5%

IVV stock opened at $754.42 on Friday. iShares Core S&P 500 ETF has a 1 year low of $622.31 and a 1 year high of $764.00. The company has a fifty day simple moving average of $748.19 and a 200 day simple moving average of $709.01. The firm has a market cap of $889.61 billion, a PE ratio of 25.10 and a beta of 1.00.

Institutional Trading of iShares Core S&P 500 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Private Trust Co. grew its stake in iShares Core S&P 500 ETF by 1.1% in the 4th quarter. Legacy Private Trust Co. now owns 333,049 shares of the ETF’s stock valued at $228,119,000 after buying an additional 3,711 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in iShares Core S&P 500 ETF by 4.5% during the fourth quarter. Belpointe Asset Management LLC now owns 39,767 shares of the ETF’s stock valued at $27,239,000 after acquiring an additional 1,700 shares during the period. Hubbell Strickland Wealth Management LLC grew its position in shares of iShares Core S&P 500 ETF by 2.0% in the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 39,670 shares of the ETF’s stock valued at $27,172,000 after purchasing an additional 792 shares during the last quarter. Atria Investments Inc increased its stake in shares of iShares Core S&P 500 ETF by 14.0% in the fourth quarter. Atria Investments Inc now owns 251,381 shares of the ETF’s stock worth $172,181,000 after purchasing an additional 30,777 shares during the period. Finally, M&T Bank Corp increased its stake in shares of iShares Core S&P 500 ETF by 0.8% in the fourth quarter. M&T Bank Corp now owns 1,309,001 shares of the ETF’s stock worth $896,587,000 after purchasing an additional 10,723 shares during the period. Institutional investors and hedge funds own 70.12% of the company’s stock.

About iShares Core S&P 500 ETF

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.