iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Significant Decline in Short Interest

iShares Russell 3000 ETF (NYSEARCA:IWV) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 212,592 shares, a drop of 52.0% from the January 29th total of 442,487 shares. Based on an average daily volume of 281,328 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 281,328 shares, the days-to-cover ratio is currently 0.8 days.

iShares Russell 3000 ETF Price Performance

iShares Russell 3000 ETF stock opened at $392.69 on Friday. iShares Russell 3000 ETF has a 1 year low of $273.60 and a 1 year high of $397.05. The firm’s 50 day moving average price is $391.63 and its 200-day moving average price is $382.72. The stock has a market cap of $18.48 billion, a P/E ratio of 25.11 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Corp purchased a new position in iShares Russell 3000 ETF during the 3rd quarter worth $15,623,000. Allspring Global Investments Holdings LLC lifted its stake in iShares Russell 3000 ETF by 9.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 27,651 shares of the company’s stock worth $10,478,000 after acquiring an additional 2,328 shares during the period. Alpha Cubed Investments LLC bought a new position in iShares Russell 3000 ETF during the 2nd quarter worth about $208,000. First National Trust Co increased its position in iShares Russell 3000 ETF by 4.2% during the 3rd quarter. First National Trust Co now owns 38,430 shares of the company’s stock valued at $14,563,000 after purchasing an additional 1,557 shares during the period. Finally, Cambridge Financial Group LLC purchased a new position in iShares Russell 3000 ETF during the 3rd quarter valued at about $1,405,000.

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.