Short Interest in iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Declines By 82.8%

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 30,269 shares, a drop of 82.8% from the August 15th total of 176,146 shares. Based on an average daily volume of 249,923 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IWX. IFP Advisors Inc purchased a new position in shares of iShares Russell Top 200 Value ETF during the 2nd quarter worth $27,000. International Assets Investment Management LLC purchased a new stake in shares of iShares Russell Top 200 Value ETF in the first quarter valued at $55,000. Bessemer Group Inc. acquired a new position in iShares Russell Top 200 Value ETF in the first quarter valued at $61,000. Tower Research Capital LLC TRC increased its stake in iShares Russell Top 200 Value ETF by 42.1% in the second 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. Finally, Harbour Investments Inc. lifted its position in iShares Russell Top 200 Value ETF by 101.7% during the fourth quarter. Harbour Investments Inc. now owns 829 shares of the company’s stock worth $76,000 after buying an additional 418 shares during the period.

iShares Russell Top 200 Value ETF Stock Up 0.9%

Shares of NYSEARCA:IWX traded up $1.00 during trading on Friday, reaching $112.51. The stock had a trading volume of 71,149 shares, compared to its average volume of 306,827. The business has a fifty day moving average price of $110.71 and a 200-day moving average price of $103.34. The stock has a market cap of $4.06 billion, a P/E ratio of 19.39 and a beta of 0.77. iShares Russell Top 200 Value ETF has a fifty-two week low of $86.44 and a fifty-two week high of $113.95.

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.