iShares Russell 3000 ETF (NYSEARCA:IWV) Short Interest Down 47.1% in August

iShares Russell 3000 ETF (NYSEARCA:IWV) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 166,641 shares, a decrease of 47.1% from the August 15th total of 315,283 shares. Based on an average trading volume of 135,489 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

iShares Russell 3000 ETF Stock Performance

Shares of NYSEARCA:IWV traded down $3.18 during mid-day trading on Tuesday, hitting $429.10. 109,802 shares of the company traded hands, compared to its average volume of 244,794. iShares Russell 3000 ETF has a 52-week low of $358.55 and a 52-week high of $443.90. The firm has a market cap of $19.82 billion, a P/E ratio of 25.11 and a beta of 1.01. The firm’s 50 day simple moving average is $432.22 and its 200 day simple moving average is $413.71.

Institutional Investors Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. SCS Capital Management LLC grew its stake in shares of iShares Russell 3000 ETF by 0.4% in the fourth quarter. SCS Capital Management LLC now owns 1,874,800 shares of the company’s stock worth $725,266,000 after purchasing an additional 8,384 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Russell 3000 ETF by 6.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,115 shares of the company’s stock worth $591,538,000 after acquiring an additional 86,391 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Russell 3000 ETF by 11.4% during the 1st quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock valued at $342,336,000 after buying an additional 94,283 shares during the period. Focus Partners Wealth increased its holdings in iShares Russell 3000 ETF by 6.3% in the fourth quarter. Focus Partners Wealth now owns 364,394 shares of the company’s stock worth $140,966,000 after buying an additional 21,635 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of iShares Russell 3000 ETF by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 351,056 shares of the company’s stock worth $135,806,000 after buying an additional 1,077 shares during the last quarter.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.