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

iShares Core High Dividend ETF (NYSEARCA:HDV) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 546,503 shares, an increase of 28.2% from the February 12th total of 426,441 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 471,224 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 471,224 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HDV. Rakuten Securities Inc. increased its position in iShares Core High Dividend ETF by 101.9% during the 2nd quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 109 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF in the 4th quarter worth about $28,000. EPG Wealth Management LLC bought a new stake in shares of iShares Core High Dividend ETF during the 3rd quarter valued at about $40,000. EQ Wealth Advisors LLC bought a new stake in shares of iShares Core High Dividend ETF during the 4th quarter valued at about $40,000. Finally, Caitlin John LLC purchased a new position in shares of iShares Core High Dividend ETF during the third quarter valued at about $42,000.

iShares Core High Dividend ETF Price Performance

NYSEARCA:HDV traded up $0.60 during mid-day trading on Monday, reaching $136.42. 1,064,627 shares of the company’s stock traded hands, compared to its average volume of 828,441. The company has a 50 day moving average price of $133.31 and a 200-day moving average price of $125.83. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 18.55 and a beta of 0.64. iShares Core High Dividend ETF has a 12-month low of $106.00 and a 12-month high of $140.89.

About iShares Core High Dividend ETF

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.