BlackRock (BLK) : Traders are getting increasingly bearish on BlackRock (BLK), as can be seen in the addition of short positions from 1,966,032 on Jul 29, 2016, to 1,983,181 on August 15, 2016. The net change in shorts is 17,149 shares, an increase of 0.9%. 3 days remain before the expiry. The 1.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 573,001. The short interest information was released on Wednesday Aug 24th after the market close.
BlackRock (NYSE:BLK): The stock opened at $371.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $372.76 for the day. The stock traded down to $368.36 during the day, due to lack of any buying support eventually closed down at $369.12 with a loss of -0.85% for the day. The stock had closed at $372.28 on the previous day. The total traded volume was 401,740 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Blackrock Inc., Wagner Susan had sold 13,076 shares worth of $4,878,525 in a transaction dated August 5, 2016. In this transaction, 13,076 shares were sold at $373.09 per share.
BlackRock, Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform, Aladdin, risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31, 2014.