iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Decrease in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,614,649 shares, a drop of 44.8% from the June 15th total of 2,927,233 shares. Based on an average trading volume of 1,778,241 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of iShares Russell Mid-Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of IWR. Whitener Capital Management Inc. lifted its stake in iShares Russell Mid-Cap ETF by 120.5% in the 2nd quarter. Whitener Capital Management Inc. now owns 9,199 shares of the company’s stock valued at $1,015,000 after buying an additional 5,027 shares in the last quarter. Heck Capital Advisors LLC increased its stake in iShares Russell Mid-Cap ETF by 1.6% during the 2nd quarter. Heck Capital Advisors LLC now owns 127,185 shares of the company’s stock worth $14,031,000 after buying an additional 1,955 shares in the last quarter. Taylor & Morgan Wealth Management LLC increased its stake in iShares Russell Mid-Cap ETF by 6.7% during the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 136,353 shares of the company’s stock worth $15,042,000 after buying an additional 8,615 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the second quarter valued at approximately $447,000. Finally, Charles Schwab Trust Co raised its holdings in shares of iShares Russell Mid-Cap ETF by 16.3% during the second quarter. Charles Schwab Trust Co now owns 4,355 shares of the company’s stock valued at $480,000 after acquiring an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

NYSEARCA:IWR opened at $109.80 on Wednesday. The company has a fifty day moving average of $107.57 and a two-hundred day moving average of $102.85. The stock has a market capitalization of $56.78 billion, a PE ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.36 and a fifty-two week high of $111.43.

About iShares Russell Mid-Cap ETF

iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.