Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Expands By 34.3%

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 363,325 shares, an increase of 34.3% from the February 26th total of 270,519 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 366,319 shares, the short-interest ratio is currently 1.0 days.

iShares Russell 3000 ETF Stock Down 0.5%

Shares of IWV opened at $359.93 on Tuesday. iShares Russell 3000 ETF has a 52-week low of $273.60 and a 52-week high of $397.05. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 25.11 and a beta of 1.02. The business’s 50 day moving average is $385.86 and its two-hundred day moving average is $384.73.

Institutional Investors Weigh In On iShares Russell 3000 ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWV. Sittner & Nelson LLC bought a new stake in iShares Russell 3000 ETF in the fourth quarter valued at about $25,000. Cloud Capital Management LLC acquired a new stake in shares of iShares Russell 3000 ETF in the 3rd quarter worth about $28,000. Smithfield Trust Co bought a new position in shares of iShares Russell 3000 ETF in the fourth quarter worth $30,000. Caldwell Trust Co acquired a new position in shares of iShares Russell 3000 ETF during the second quarter valued at $34,000. Finally, LRI Investments LLC bought a new position in shares of iShares Russell 3000 ETF in the fourth quarter valued at approximately $39,000.

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.