iShares Core High Dividend ETF (NYSEARCA:HDV) Short Interest Update
by Doug Wharley · The Cerbat GemiShares Core High Dividend ETF (NYSEARCA:HDV – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 225,119 shares, a drop of 44.5% from the March 31st total of 405,778 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 833,264 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of HDV. Auto Owners Insurance Co increased its holdings in iShares Core High Dividend ETF by 12,061.0% during the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock valued at $35,198,000 after purchasing an additional 2,870,518 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in iShares Core High Dividend ETF by 199.7% in the fourth quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock worth $73,043,000 after purchasing an additional 400,223 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of iShares Core High Dividend ETF during the fourth quarter worth $28,094,000. Wells Fargo & Company MN grew its holdings in shares of iShares Core High Dividend ETF by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,546,611 shares of the exchange traded fund’s stock worth $188,083,000 after purchasing an additional 174,193 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of iShares Core High Dividend ETF by 3.6% in the second quarter. Bank of America Corp DE now owns 4,501,871 shares of the exchange traded fund’s stock valued at $527,484,000 after buying an additional 155,098 shares in the last quarter.
iShares Core High Dividend ETF Stock Down 0.5%
NYSEARCA:HDV traded down $0.69 on Monday, reaching $133.33. The stock had a trading volume of 343,536 shares, compared to its average volume of 790,283. The company has a market capitalization of $13.26 billion, a P/E ratio of 18.55 and a beta of 0.57. iShares Core High Dividend ETF has a 1-year low of $113.27 and a 1-year high of $140.89. The stock has a fifty day moving average price of $135.41 and a 200-day moving average price of $128.34.
iShares Core High Dividend ETF Company Profile
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.