iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Decrease in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,637,174 shares, a decline of 39.8% from the September 30th total of 2,721,317 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,474,857 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of iShares Russell Mid-Cap ETF

Several institutional investors have recently added to or reduced their stakes in the business. Steph & Co. acquired a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter valued at about $11,870,000. LJI Wealth Management LLC raised its holdings in shares of iShares Russell Mid-Cap ETF by 2.8% during the 3rd quarter. LJI Wealth Management LLC now owns 198,047 shares of the company’s stock valued at $21,134,000 after buying an additional 5,460 shares during the period. Whitener Capital Management Inc. raised its holdings in shares of iShares Russell Mid-Cap ETF by 120.5% during the 2nd quarter. Whitener Capital Management Inc. now owns 9,199 shares of the company’s stock valued at $1,015,000 after buying an additional 5,027 shares during the period. Brookstone Capital Management acquired a new position in iShares Russell Mid-Cap ETF during the 3rd quarter worth approximately $673,000. Finally, Montgomery Financial Services LLC acquired a new position in iShares Russell Mid-Cap ETF during the 2nd quarter worth approximately $1,670,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $110.03 on Friday. The company has a market capitalization of $57.60 billion, a PE ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1-year low of $91.64 and a 1-year high of $114.97. The business has a 50-day moving average of $109.79 and a 200-day moving average of $106.00.

About iShares Russell Mid-Cap ETF

iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.