Short Interest in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Drops By 24.9%

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) 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 short sold. Based on an average daily volume of 2,681,991 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 2,681,991 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

iShares Core Dividend Growth ETF Trading Up 0.5%

Shares of NYSEARCA DGRO opened at $73.62 on Tuesday. The stock has a 50 day moving average of $71.11 and a two-hundred day moving average of $68.84. The stock has a market cap of $38.44 billion, a P/E ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a twelve month low of $54.09 and a twelve month high of $74.28.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 52.5% in the 4th quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock valued at $411,000 after buying an additional 2,304 shares during the period. AQR Capital Management LLC grew its holdings in iShares Core Dividend Growth ETF by 95.4% during the 1st quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock valued at $855,000 after buying an additional 6,758 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the second quarter worth $201,000. Arista Wealth Management LLC acquired a new position in iShares Core Dividend Growth ETF in the 2nd quarter valued at about $445,000. Finally, Stordahl Capital Management Inc. acquired a new stake in iShares Core Dividend Growth ETF during the second quarter worth approximately $206,000.

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.