Short Interest in iShares Russell 1000 ETF (NYSEARCA:IWB) Expands By 21.4%

iShares Russell 1000 ETF (NYSEARCA:IWB) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,533,458 shares, a growth of 21.4% from the January 29th total of 1,263,346 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 1,271,926 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,271,926 shares, the short-interest ratio is currently 1.2 days. Approximately 1.2% of the company’s stock are short sold.

iShares Russell 1000 ETF Stock Performance

NYSEARCA:IWB opened at $373.45 on Friday. The stock has a 50-day simple moving average of $377.20 and a 200 day simple moving average of $369.99. iShares Russell 1000 ETF has a one year low of $264.17 and a one year high of $382.34. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 1000 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in shares of iShares Russell 1000 ETF during the fourth quarter valued at $28,000. Capital A Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter worth approximately $30,000. Caldwell Trust Co acquired a new position in iShares Russell 1000 ETF during the 2nd quarter worth about $30,000. Highline Wealth Partners LLC bought a new stake in iShares Russell 1000 ETF in the third quarter valued at about $30,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of iShares Russell 1000 ETF by 75.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter.

iShares Russell 1000 ETF Company Profile

iShares Russell 1000 ETF (the Fund), formerly iShares Russell 1000 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 1000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the large-capitalization sector of the United States equity market and includes securities issued by the approximately 1,000 largest issuers in the Russell 3000 Index.