Short Interest in iShares Russell Top 200 ETF (NYSEARCA:IWL) Rises By 70.7%

iShares Russell Top 200 ETF (NYSEARCA:IWL) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 73,862 shares, a growth of 70.7% from the April 30th total of 43,281 shares. Based on an average trading volume of 57,396 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of iShares Russell Top 200 ETF in the 4th quarter valued at $33,000. AE Wealth Management LLC boosted its position in shares of iShares Russell Top 200 ETF by 187.1% during the 3rd quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock valued at $40,000 after purchasing an additional 159 shares in the last quarter. Advisory Services Network LLC acquired a new stake in iShares Russell Top 200 ETF during the third quarter worth approximately $41,000. Allworth Financial LP acquired a new stake in iShares Russell Top 200 ETF during the third quarter worth approximately $47,000. Finally, Atlantic Union Bankshares Corp bought a new stake in iShares Russell Top 200 ETF in the third quarter worth approximately $56,000.

iShares Russell Top 200 ETF Stock Performance

Shares of NYSEARCA IWL traded down $0.87 during mid-day trading on Wednesday, reaching $188.03. The company had a trading volume of 20,644 shares, compared to its average volume of 67,463. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. The business’s 50-day simple moving average is $174.75 and its 200 day simple moving average is $171.57. iShares Russell Top 200 ETF has a one year low of $146.16 and a one year high of $189.18.

iShares Russell Top 200 ETF Company Profile

iShares Russell Top 200 ETF (the Fund), formerly iShares Russell Top 200 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 Top 200 Index (the Index). The Index is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the United States equity market. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.