iShares Russell 3000 ETF (NYSEARCA:IWV) Stock Short Interest Climbs 48.3%

iShares Russell 3000 ETF (NYSEARCA:IWV) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 247,107 shares, a growth of 48.3% from the August 31st total of 166,641 shares. Based on an average trading volume of 113,365 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the shares of the company are sold short.

iShares Russell 3000 ETF Stock Performance

Shares of NYSEARCA:IWV traded up $0.93 during trading on Thursday, hitting $432.59. 129,902 shares of the stock were exchanged, compared to its average volume of 240,618. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a 1-year low of $358.55 and a 1-year high of $443.90. The company’s fifty day simple moving average is $433.90 and its 200-day simple moving average is $417.60.

Institutional Investors Weigh In On iShares Russell 3000 ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares Russell 3000 ETF by 38.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,973 shares of the company’s stock worth $5,105,000 after acquiring an additional 3,306 shares during the period. Tanager Wealth Management LLP increased its stake in iShares Russell 3000 ETF by 2.0% in the second quarter. Tanager Wealth Management LLP now owns 35,804 shares of the company’s stock valued at $15,267,000 after acquiring an additional 706 shares during the period. Ameritas Advisory Services LLC acquired a new position in iShares Russell 3000 ETF in the second quarter worth about $8,032,000. HB Wealth Management LLC raised its position in iShares Russell 3000 ETF by 0.5% in the second quarter. HB Wealth Management LLC now owns 80,702 shares of the company’s stock worth $34,412,000 after purchasing an additional 395 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in iShares Russell 3000 ETF by 864.4% during the second quarter. Angeles Wealth Management LLC now owns 1,138 shares of the company’s stock worth $485,000 after purchasing an additional 1,020 shares during the period.

iShares Russell 3000 ETF Company Profile

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.