Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Increases By 129.2%

iShares Russell 3000 ETF (NYSEARCA:IWV) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 315,283 shares, a growth of 129.2% from the July 30th total of 137,587 shares. Based on an average daily trading volume, of 185,983 shares, the short-interest ratio is presently 1.7 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Several institutional investors have recently made changes to their positions in the company. Sittner & Nelson LLC bought a new stake in iShares Russell 3000 ETF during the fourth quarter valued at about $25,000. Smithfield Trust Co bought a new position in iShares Russell 3000 ETF in the fourth quarter worth about $30,000. RMG Wealth Management LLC bought a new position in iShares Russell 3000 ETF in the first quarter worth about $35,000. LRI Investments LLC purchased a new stake in shares of iShares Russell 3000 ETF during the fourth quarter valued at about $39,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of iShares Russell 3000 ETF during the first quarter valued at about $44,000.

iShares Russell 3000 ETF Stock Performance

NYSEARCA IWV traded down $1.69 during trading on Friday, hitting $437.51. The stock had a trading volume of 101,066 shares, compared to its average volume of 251,313. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a one year low of $358.55 and a one year high of $443.90. The stock has a 50 day simple moving average of $429.26 and a 200 day simple moving average of $409.95.

iShares Russell 3000 ETF Company Profile

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.