Short Interest in iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Expands By 219.6%

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 176,146 shares, a growth of 219.6% from the July 30th total of 55,120 shares. Based on an average trading volume of 348,098 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of iShares Russell Top 200 Value ETF

A number of hedge funds have recently modified their holdings of IWX. Operose Advisors LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF in the second quarter worth $698,000. Compass Financial Management LLC acquired a new position in iShares Russell Top 200 Value ETF during the second quarter valued at $876,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in iShares Russell Top 200 Value ETF in the 2nd quarter worth about $418,000. Montgomery Financial Services LLC purchased a new stake in iShares Russell Top 200 Value ETF in the 2nd quarter worth about $13,890,000. Finally, LifePlan Investment Advisors Inc. lifted its stake in iShares Russell Top 200 Value ETF by 7.3% in the 2nd quarter. LifePlan Investment Advisors Inc. now owns 2,922 shares of the company’s stock worth $307,000 after acquiring an additional 199 shares in the last quarter.

iShares Russell Top 200 Value ETF Stock Performance

Shares of NYSEARCA:IWX traded up $0.70 during mid-day trading on Friday, hitting $113.23. The stock had a trading volume of 89,474 shares, compared to its average volume of 309,293. The company’s 50 day moving average is $109.31 and its 200-day moving average is $102.26. iShares Russell Top 200 Value ETF has a 12-month low of $85.93 and a 12-month high of $113.73. The company has a market cap of $4.09 billion, a PE ratio of 19.39 and a beta of 0.77.

About iShares Russell Top 200 Value ETF

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.