iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Significant Growth in Short Interest

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 112,711 shares, an increase of 171.3% from the July 15th total of 41,548 shares. Based on an average trading volume of 164,170 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

iShares Core 30/70 Conservative Allocation ETF Price Performance

Shares of iShares Core 30/70 Conservative Allocation ETF stock traded down $0.07 on Friday, hitting $41.46. 73,333 shares of the company’s stock traded hands, compared to its average volume of 184,951. The firm’s 50-day moving average price is $41.20 and its two-hundred day moving average price is $40.90. The stock has a market capitalization of $798.11 million, a PE ratio of 19.61 and a beta of 0.45. iShares Core 30/70 Conservative Allocation ETF has a one year low of $39.21 and a one year high of $41.63.

Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF

Institutional investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV increased its holdings in iShares Core 30/70 Conservative Allocation ETF by 3.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,975 shares of the company’s stock valued at $601,000 after purchasing an additional 448 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in iShares Core 30/70 Conservative Allocation ETF by 127.9% during the first quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock worth $33,000 after buying an additional 458 shares during the last quarter. Legacy Financial Group LLC grew its position in shares of iShares Core 30/70 Conservative Allocation ETF by 7.7% during the 4th quarter. Legacy Financial Group LLC now owns 9,191 shares of the company’s stock worth $373,000 after buying an additional 660 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF during the 4th quarter worth about $30,000. Finally, NewEdge Advisors LLC grew its position in shares of iShares Core 30/70 Conservative Allocation ETF by 59.9% during the 3rd quarter. NewEdge Advisors LLC now owns 3,270 shares of the company’s stock worth $131,000 after buying an additional 1,225 shares during the period.

About iShares Core 30/70 Conservative Allocation ETF

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.