iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Significant Decline in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,614,649 shares, a decrease 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 short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Hedge funds have recently made changes to their positions in the company. NFSG Corp grew its stake in iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the last quarter. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares Russell Mid-Cap ETF in the third quarter valued at approximately $32,000. Finally, Reflection Asset Management acquired a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Down 0.6%

iShares Russell Mid-Cap ETF stock traded down $0.69 during mid-day trading on Friday, hitting $109.34. 15,965,538 shares of the company were exchanged, compared to its average volume of 2,593,597. The company has a market capitalization of $56.75 billion, a PE ratio of 21.00 and a beta of 1.00. The business has a fifty day moving average of $107.82 and a 200 day moving average of $103.06. iShares Russell Mid-Cap ETF has a 1-year low of $91.36 and a 1-year high of $111.43.

iShares Russell Mid-Cap ETF Company Profile

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.