iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Large Drop in Short Interest

iShares Core High Dividend ETF (NYSEARCA:HDV) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 771,168 shares, a decline of 37.9% from the July 30th total of 1,242,111 shares. Based on an average daily volume of 4,555,753 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of HDV. Auto Owners Insurance Co raised its position in shares of iShares Core High Dividend ETF by 12,061.0% during the fourth quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after purchasing an additional 2,870,518 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Core High Dividend ETF by 317.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock worth $29,621,000 after purchasing an additional 821,692 shares in the last quarter. HB Wealth Management LLC raised its holdings in iShares Core High Dividend ETF by 387.2% during the 2nd quarter. HB Wealth Management LLC now owns 819,098 shares of the exchange traded fund’s stock worth $22,451,000 after buying an additional 650,984 shares during the period. HighTower Advisors LLC lifted its stake in iShares Core High Dividend ETF by 397.6% during the second quarter. HighTower Advisors LLC now owns 608,957 shares of the exchange traded fund’s stock valued at $16,692,000 after buying an additional 486,567 shares in the last quarter. Finally, Adirondack Capital Advisors LLC lifted its stake in iShares Core High Dividend ETF by 418.0% during the second quarter. Adirondack Capital Advisors LLC now owns 570,043 shares of the exchange traded fund’s stock valued at $15,625,000 after buying an additional 459,992 shares in the last quarter.

iShares Core High Dividend ETF Trading Up 0.4%

HDV stock traded up $0.11 on Tuesday, hitting $29.61. 3,632,624 shares of the company’s stock traded hands, compared to its average volume of 3,920,487. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 18.55 and a beta of 0.52. iShares Core High Dividend ETF has a 1-year low of $23.51 and a 1-year high of $30.13. The stock has a fifty day moving average of $28.58 and a 200-day moving average of $27.70.

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.