iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Significant Decline in Short Interest

iShares Micro-Cap ETF (NYSEARCA:IWC) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 504,459 shares, a drop of 17.3% from the January 29th total of 609,822 shares. Based on an average daily trading volume, of 161,964 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.6% of the company’s shares are short sold. Currently, 6.6% of the company’s shares are short sold. Based on an average daily trading volume, of 161,964 shares, the days-to-cover ratio is currently 3.1 days.

iShares Micro-Cap ETF Stock Down 1.3%

Shares of iShares Micro-Cap ETF stock traded down $2.19 during trading on Thursday, hitting $167.48. The stock had a trading volume of 12,300 shares, compared to its average volume of 124,335. iShares Micro-Cap ETF has a 1 year low of $95.25 and a 1 year high of $176.74. The stock has a 50 day simple moving average of $167.07 and a 200 day simple moving average of $157.02. The company has a market capitalization of $1.29 billion, a PE ratio of 15.35 and a beta of 1.11.

Institutional Trading of iShares Micro-Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWC. Signaturefd LLC acquired a new stake in shares of iShares Micro-Cap ETF during the 4th quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in iShares Micro-Cap ETF during the fourth quarter worth approximately $32,000. Frazier Financial Advisors LLC grew its holdings in iShares Micro-Cap ETF by 104.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 202 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $39,000. Finally, Harbour Investments Inc. lifted its stake in shares of iShares Micro-Cap ETF by 46.4% in the fourth quarter. Harbour Investments Inc. now owns 284 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 90 shares during the last quarter.

iShares Micro-Cap ETF Company Profile

iShares Micro-Cap ETF, formerly iShares Russell Microcap Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Microcap Index (the Index). The Index measures the microcap sector of the United States equity market. The Index is a float-adjusted capitalization-weighted index and includes equity securities issued by issuers with total market capitalizations ranging from approximately $50 million to $550 million, though these amounts may change from time to time.