iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Significant Growth in Short Interest

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,358,048 shares, an increase of 28.8% from the March 15th total of 1,831,300 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,452,902 shares, the short-interest ratio is presently 0.3 days.

iShares Core S&P Total U.S. Stock Market ETF Stock Up 0.7%

Shares of ITOT stock opened at $153.21 on Thursday. The stock has a market cap of $86.15 billion, a price-to-earnings ratio of 24.36 and a beta of 1.01. iShares Core S&P Total U.S. Stock Market ETF has a fifty-two week low of $110.93 and a fifty-two week high of $153.30. The firm’s 50 day moving average price is $147.33 and its two-hundred day moving average price is $148.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ITOT. Russell Investments Group Ltd. lifted its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 752.5% during the second quarter. Russell Investments Group Ltd. now owns 4,109 shares of the company’s stock worth $555,000 after purchasing an additional 3,627 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 2.1% during the second quarter. Ameriprise Financial Inc. now owns 1,964,007 shares of the company’s stock worth $265,231,000 after purchasing an additional 40,553 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 504.7% during the second quarter. BNP Paribas Financial Markets now owns 520 shares of the company’s stock worth $70,000 after purchasing an additional 434 shares in the last quarter. Monograph Wealth Advisors LLC acquired a new position in shares of iShares Core S&P Total U.S. Stock Market ETF during the second quarter worth $302,000. Finally, WFA of San Diego LLC acquired a new position in shares of iShares Core S&P Total U.S. Stock Market ETF during the second quarter worth $253,000.

About iShares Core S&P Total U.S. Stock Market ETF

The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is an exchange-traded fund that is based on the S&P TMI index. The fund tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ITOT was launched on Jan 20, 2004 and is managed by BlackRock.