Short Interest in iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) Expands By 487.3%
by Scott Moore · The Cerbat GemiShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 26,151 shares, an increase of 487.3% from the April 30th total of 4,453 shares. Based on an average trading volume of 17,830 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are sold short.
iShares Large Cap Deep Quarterly Laddered ETF Stock Performance
Shares of BATS IVVB opened at $34.60 on Friday. The company has a market cap of $297.56 million, a P/E ratio of 24.72 and a beta of 0.72. The firm’s fifty day moving average is $33.42 and its two-hundred day moving average is $33.32. iShares Large Cap Deep Quarterly Laddered ETF has a 52-week low of $30.12 and a 52-week high of $34.62.
Institutional Investors Weigh In On iShares Large Cap Deep Quarterly Laddered ETF
A hedge fund recently raised its stake in iShares Large Cap Deep Quarterly Laddered ETF stock. Captrust Financial Advisors lifted its position in iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB – Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 412,398 shares of the company’s stock after acquiring an additional 34,051 shares during the quarter. Captrust Financial Advisors owned approximately 11.33% of iShares Large Cap Deep Quarterly Laddered ETF worth $13,494,000 as of its most recent filing with the SEC.
About iShares Large Cap Deep Quarterly Laddered ETF
The iShares Large Cap Deep Buffer ETF (IVVB) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a downside hedge against declines occurring in the range of 5-20%, during a calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.