iShares S&P 500 Value ETF (IVE) Short Interest Up 58.0% in March

iShares S&P 500 Value ETF (NYSEARCA:IVE) was the recipient of a large increase in short interest in March. As of March 29th, there was short interest totalling 888,013 shares, an increase of 58.0% from the March 15th total of 562,153 shares. Based on an average daily volume of 808,238 shares, the short-interest ratio is presently 1.1 days.

Shares of iShares S&P 500 Value ETF stock opened at $116.44 on Wednesday. iShares S&P 500 Value ETF has a 1-year low of $94.72 and a 1-year high of $118.81.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.6411 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, March 20th.

A number of large investors have recently modified their holdings of IVE. Quad Cities Investment Group LLC increased its position in iShares S&P 500 Value ETF by 1,564.3% in the 1st quarter. Quad Cities Investment Group LLC now owns 233 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. ERTS Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $27,000. Bogart Wealth LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $29,000. Essex Savings Bank acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $30,000. Finally, Doyle Wealth Management acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $34,000.

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iShares S&P 500 Value ETF Company Profile

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.

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