iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Large Drop in Short Interest

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 38,615 shares, a decline of 77.0% from the March 31st total of 168,216 shares. Based on an average daily volume of 492,963 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. TruNorth Capital Management LLC purchased a new position in iShares Russell Top 200 Growth ETF during the 3rd quarter valued at about $25,000. Bfsg LLC purchased a new position in iShares Russell Top 200 Growth ETF during the 3rd quarter valued at about $25,000. Vermillion Wealth Management Inc. purchased a new position in iShares Russell Top 200 Growth ETF during the 3rd quarter valued at about $31,000. Lifetime Wealth Management P.C. purchased a new position in iShares Russell Top 200 Growth ETF during the 4th quarter valued at about $31,000. Finally, Optima Capital LLC purchased a new position in iShares Russell Top 200 Growth ETF during the 4th quarter valued at about $33,000.

iShares Russell Top 200 Growth ETF Price Performance

NYSEARCA:IWY traded up $3.92 during mid-day trading on Friday, reaching $280.30. 557,370 shares of the company’s stock traded hands, compared to its average volume of 538,347. iShares Russell Top 200 Growth ETF has a 12-month low of $208.49 and a 12-month high of $288.99. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 35.13 and a beta of 1.16. The company has a 50 day moving average price of $260.94 and a 200-day moving average price of $270.46.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.