iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Significant Increase in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 309,206 shares, an increase of 699.8% from the June 15th total of 38,659 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 542,894 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of hedge funds have recently added to or reduced their stakes in IWX. Sound Income Strategies LLC boosted its stake in iShares Russell Top 200 Value ETF by 12.2% during the 1st quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock valued at $105,000 after purchasing an additional 123 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of iShares Russell Top 200 Value ETF by 3.7% in the 4th quarter. CreativeOne Wealth LLC now owns 3,514 shares of the company’s stock worth $323,000 after purchasing an additional 124 shares in the last quarter. KFA Private Wealth Group LLC raised its stake in shares of iShares Russell Top 200 Value ETF by 8.4% in the fourth quarter. KFA Private Wealth Group LLC now owns 2,703 shares of the company’s stock worth $248,000 after purchasing an additional 209 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of iShares Russell Top 200 Value ETF by 8.7% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,744 shares of the company’s stock worth $252,000 after purchasing an additional 219 shares during the last quarter. Finally, SMART Wealth LLC lifted its holdings in shares of iShares Russell Top 200 Value ETF by 2.6% during the first quarter. SMART Wealth LLC now owns 8,959 shares of the company’s stock valued at $830,000 after purchasing an additional 223 shares in the last quarter.

iShares Russell Top 200 Value ETF Price Performance

Shares of iShares Russell Top 200 Value ETF stock opened at $107.67 on Monday. The company has a market cap of $3.83 billion, a PE ratio of 19.39 and a beta of 0.77. The business has a 50 day moving average of $104.17 and a 200 day moving average of $98.38. iShares Russell Top 200 Value ETF has a 52 week low of $82.78 and a 52 week high of $108.72.

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.