iShares Russell 2500 ETF (BATS:SMMD) Shares Shorted: Short Interest Down 76.2% in September

iShares Russell 2500 ETF (BATS:SMMD) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 44,940 shares, a drop of 76.2% from the August 31st total of 188,486 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 358,075 shares, the days-to-cover ratio is currently 0.1 days.

iShares Russell 2500 ETF Stock Performance

Shares of BATS:SMMD opened at $86.64 on Friday. The firm has a market cap of $1.86 billion, a PE ratio of 19.95 and a beta of 1.09. The firm’s fifty day moving average is $90.05 and its 200-day moving average is $86.58. iShares Russell 2500 ETF has a 52 week low of $69.94 and a 52 week high of $93.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMMD. Glenmede Trust Co. NA increased its stake in shares of iShares Russell 2500 ETF by 12.1% in the first quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock valued at $336,978,000 after buying an additional 475,969 shares during the period. Fifth Third Bancorp increased its position in iShares Russell 2500 ETF by 485.3% during the 1st quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock valued at $233,550,000 after purchasing an additional 2,536,353 shares during the period. CENTRAL TRUST Co increased its position in iShares Russell 2500 ETF by 27.1% during the 1st quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock valued at $72,508,000 after purchasing an additional 202,293 shares during the period. Focus Partners Wealth raised its holdings in iShares Russell 2500 ETF by 53.0% during the 4th quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock worth $56,804,000 after purchasing an additional 262,684 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its position in shares of iShares Russell 2500 ETF by 1.5% in the 4th quarter. Wealthspire Advisors LLC now owns 507,585 shares of the company’s stock worth $38,038,000 after purchasing an additional 7,623 shares during the period.

About iShares Russell 2500 ETF

The iShares Russell 2500 ETF (SMMD) is an exchange-traded fund that is based on the Russell 2500 index, a market-cap-weighted index of US companies ranked 501-3,000 by market cap. SMMD was launched on Jul 6, 2017 and is managed by BlackRock.