iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Shares Shorted: Short Interest Up 267.8% in October

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 6,021,361 shares, a growth of 267.8% from the October 15th total of 1,637,174 shares. Based on an average daily volume of 2,739,083 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.1% of the company’s shares are sold short.

iShares Russell Mid-Cap ETF Trading Down 0.0%

IWR traded down $0.01 during trading on Friday, hitting $110.50. 998,284 shares of the company’s stock traded hands, compared to its average volume of 2,254,862. iShares Russell Mid-Cap ETF has a 12-month low of $91.64 and a 12-month high of $114.97. The stock has a market capitalization of $58.63 billion, a price-to-earnings ratio of 20.27 and a beta of 1.00. The company’s 50 day simple moving average is $109.35 and its two-hundred day simple moving average is $106.48.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Hedge funds have recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new stake in iShares Russell Mid-Cap ETF during the third quarter worth $25,000. NFSG Corp increased its stake in shares of 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 purchasing an additional 135 shares in the last quarter. Next Level Wealth Planning LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the third quarter worth about $30,000. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter worth about $31,000. Finally, Scarborough Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $38,000. Institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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.