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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,378,552 shares, a decrease of 18.2% from the February 26th total of 2,907,302 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,434,895 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Piscataqua Savings Bank grew its stake in shares of iShares Russell Mid-Cap ETF by 11.1% in the 4th quarter. Piscataqua Savings Bank now owns 1,000 shares of the company’s stock valued at $96,000 after buying an additional 100 shares during the period. Welch & Forbes LLC raised its position in shares of iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock valued at $2,204,000 after buying an additional 105 shares during the period. Hollencrest Capital Management lifted its holdings in iShares Russell Mid-Cap ETF by 1.7% in the third quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock valued at $601,000 after acquiring an additional 106 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in iShares Russell Mid-Cap ETF by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock valued at $2,049,000 after acquiring an additional 114 shares during the last quarter. Finally, Objectivity Squared LLC grew its position in iShares Russell Mid-Cap ETF by 3.7% in the third quarter. Objectivity Squared LLC now owns 3,304 shares of the company’s stock worth $319,000 after acquiring an additional 117 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

Shares of NYSEARCA IWR traded down $0.57 during trading on Monday, hitting $94.84. 1,984,805 shares of the company were exchanged, compared to its average volume of 3,075,710. The company has a fifty day moving average price of $100.15 and a 200-day moving average price of $97.87. The firm has a market capitalization of $45.36 billion, a PE ratio of 21.00 and a beta of 1.06. iShares Russell Mid-Cap ETF has a 12-month low of $73.17 and a 12-month high of $103.53.

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.