iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Short Interest Update
by Scott Moore · The Cerbat GemiShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Free Report) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 494,141 shares, a drop of 24.9% from the January 15th total of 657,669 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,681,991 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 2,681,991 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
iShares Core Dividend Growth ETF Price Performance
Shares of iShares Core Dividend Growth ETF stock traded up $0.34 during trading hours on Friday, hitting $73.62. 2,168,436 shares of the company’s stock traded hands, compared to its average volume of 2,513,672. The stock has a market capitalization of $38.44 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a 12-month low of $54.09 and a 12-month high of $74.28. The company has a fifty day simple moving average of $71.03 and a 200-day simple moving average of $68.75.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in shares of iShares Core Dividend Growth ETF by 1.7% in the 4th quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock worth $1,344,393,000 after purchasing an additional 331,748 shares during the period. LPL Financial LLC increased its position in iShares Core Dividend Growth ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock worth $1,302,551,000 after buying an additional 595,710 shares during the last quarter. Bank of America Corp DE increased its position in iShares Core Dividend Growth ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after buying an additional 195,211 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock valued at $967,106,000 after buying an additional 628,342 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 42.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock valued at $865,424,000 after buying an additional 4,028,341 shares during the last quarter.
iShares Core Dividend Growth ETF Company Profile
The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that is based on the Morningstar US Dividend Growth index. The fund tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on Jun 10, 2014 and is managed by BlackRock.