iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Short Interest Up 699.8% in June

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 309,206 shares, an increase of 699.8% from the June 15th total of 38,659 shares. Based on an average daily trading volume, of 542,894 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC purchased a new stake in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new position in iShares Russell Top 200 Value ETF in the 4th quarter valued at approximately $49,000. International Assets Investment Management LLC bought a new position in iShares Russell Top 200 Value ETF in the 1st quarter valued at approximately $55,000. Bessemer Group Inc. purchased a new stake in iShares Russell Top 200 Value ETF during the 1st quarter valued at $61,000. Finally, Tower Research Capital LLC TRC boosted its stake in iShares Russell Top 200 Value ETF by 42.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock valued at $66,000 after purchasing an additional 231 shares during the last quarter.

iShares Russell Top 200 Value ETF Trading Up 0.1%

IWX traded up $0.16 during trading on Friday, reaching $107.67. The stock had a trading volume of 649,421 shares, compared to its average volume of 285,385. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The stock’s 50 day moving average is $104.17 and its two-hundred day moving average is $98.33. iShares Russell Top 200 Value ETF has a one year low of $82.78 and a one year high of $108.72.

About iShares Russell Top 200 Value ETF

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.