iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Short Interest Up 39.9% in March

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 775,712 shares, an increase of 39.9% from the March 15th total of 554,449 shares. Based on an average daily trading volume, of 3,363,067 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DGRO. Auto Owners Insurance Co grew its stake in iShares Core Dividend Growth ETF by 9,203.2% in the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after buying an additional 47,350,590 shares during the last quarter. Royal Bank of Canada grew its stake in iShares Core Dividend Growth ETF by 24.0% in the 4th quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after buying an additional 1,576,241 shares during the last quarter. Quotient Wealth Partners LLC acquired a new position in iShares Core Dividend Growth ETF in the 1st quarter valued at about $85,806,000. SHP Wealth Management acquired a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $84,235,000. Finally, Jones Financial Companies Lllp grew its position in shares of iShares Core Dividend Growth ETF by 16.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock worth $583,076,000 after purchasing an additional 1,211,980 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO opened at $72.50 on Friday. iShares Core Dividend Growth ETF has a 52 week low of $56.60 and a 52 week high of $74.28. The firm has a market cap of $39.03 billion, a P/E ratio of 19.66 and a beta of 0.80. The firm’s 50-day simple moving average is $71.86 and its 200 day simple moving average is $70.29.

About iShares Core Dividend Growth ETF

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.