iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Large Growth in Short Interest

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 195,150 shares, a growth of 191.9% from the September 15th total of 66,860 shares. Based on an average trading volume of 334,701 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Russell Top 200 Growth ETF

Hedge funds have recently modified their holdings of the company. Eastern Bank bought a new stake in shares of iShares Russell Top 200 Growth ETF during the third quarter valued at approximately $29,000. Lifetime Wealth Management P.C. acquired a new position in shares of iShares Russell Top 200 Growth ETF during the fourth quarter valued at $31,000. Main Street Group LTD bought a new stake in shares of iShares Russell Top 200 Growth ETF during the first quarter valued at about $35,000. Allspring Global Investments Holdings LLC acquired a new stake in iShares Russell Top 200 Growth ETF in the first quarter worth about $54,000. Finally, Continuum Advisory LLC acquired a new stake in shares of iShares Russell Top 200 Growth ETF in the 2nd quarter worth approximately $69,000.

iShares Russell Top 200 Growth ETF Stock Performance

NYSEARCA:IWY opened at $298.96 on Wednesday. The company has a fifty day moving average of $291.07 and a two-hundred day moving average of $284.19. The stock has a market capitalization of $16.88 billion, a PE ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a fifty-two week low of $238.75 and a fifty-two week high of $305.24.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.