iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Shares Shorted: Short Interest Down 53.0% in October

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 91,760 shares, a decrease of 53.0% from the September 30th total of 195,150 shares. Based on an average daily volume of 321,090 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its holdings in iShares Russell Top 200 Growth ETF by 6.0% during the second quarter. Baird Financial Group Inc. now owns 41,456 shares of the company’s stock valued at $12,048,000 after acquiring an additional 2,337 shares during the period. Brookstone Capital Management increased its position in shares of iShares Russell Top 200 Growth ETF by 9.7% during the second quarter. Brookstone Capital Management now owns 115,100 shares of the company’s stock valued at $33,450,000 after acquiring an additional 10,217 shares during the last quarter. Resolute Advisors LLC acquired a new stake in iShares Russell Top 200 Growth ETF in the second quarter valued at $662,000. Cetera Investment Advisers grew its position in iShares Russell Top 200 Growth ETF by 4.4% in the 1st quarter. Cetera Investment Advisers now owns 373,839 shares of the company’s stock valued at $93,026,000 after buying an additional 15,813 shares during the last quarter. Finally, Montgomery Financial Services LLC acquired a new stake in iShares Russell Top 200 Growth ETF during the 2nd quarter valued at $21,532,000.

iShares Russell Top 200 Growth ETF Stock Down 2.9%

NYSEARCA:IWY traded down $8.40 during trading hours on Friday, hitting $276.80. 258,297 shares of the stock were exchanged, compared to its average volume of 437,345. The company’s 50 day moving average is $290.47 and its two-hundred day moving average is $279.60. The company has a market capitalization of $15.14 billion, a P/E ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a twelve month low of $238.75 and a twelve month high of $305.24.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.