iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sees Significant Increase in Short Interest

iShares S&P 500 Growth ETF (NYSEARCA:IVW) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,569,008 shares, an increase of 26.3% from the February 12th total of 1,242,408 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 4,423,495 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 4,423,495 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

iShares S&P 500 Growth ETF Price Performance

IVW stock traded down $1.17 during midday trading on Friday, reaching $116.72. The company had a trading volume of 4,757,503 shares, compared to its average volume of 5,241,450. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The stock has a 50 day moving average price of $121.67 and a 200-day moving average price of $121.47. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61.

Hedge Funds Weigh In On iShares S&P 500 Growth ETF

Several hedge funds have recently bought and sold shares of the company. Little House Capital LLC boosted its position in shares of iShares S&P 500 Growth ETF by 2.0% during the 3rd quarter. Little House Capital LLC now owns 3,993 shares of the company’s stock worth $482,000 after acquiring an additional 80 shares in the last quarter. Wingate Wealth Advisors Inc. raised its position in iShares S&P 500 Growth ETF by 3.5% during the third quarter. Wingate Wealth Advisors Inc. now owns 2,488 shares of the company’s stock valued at $300,000 after purchasing an additional 83 shares in the last quarter. Smith Moore & CO. increased its stake in shares of iShares S&P 500 Growth ETF by 2.9% in the 3rd quarter. Smith Moore & CO. now owns 3,021 shares of the company’s stock valued at $365,000 after purchasing an additional 85 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 11.4% during the 3rd quarter. Frazier Financial Advisors LLC now owns 843 shares of the company’s stock worth $102,000 after buying an additional 86 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of iShares S&P 500 Growth ETF by 0.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,647 shares of the company’s stock worth $1,406,000 after buying an additional 86 shares in the last quarter.

iShares S&P 500 Growth ETF Company Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.