iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Decrease in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 6,446 shares, a drop of 86.1% from the September 15th total of 46,348 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 444,719 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of iShares Russell Top 200 Value ETF

Several hedge funds have recently modified their holdings of IWX. Sound Income Strategies LLC grew its stake in shares of iShares Russell Top 200 Value ETF by 12.2% during the first quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock valued at $105,000 after purchasing an additional 123 shares during the last quarter. LifePlan Investment Advisors Inc. raised its position in iShares Russell Top 200 Value ETF by 7.3% in the 2nd quarter. LifePlan Investment Advisors Inc. now owns 2,922 shares of the company’s stock worth $307,000 after purchasing an additional 199 shares during the last quarter. SMART Wealth LLC raised its position in iShares Russell Top 200 Value ETF by 2.6% in the 1st quarter. SMART Wealth LLC now owns 8,959 shares of the company’s stock worth $830,000 after purchasing an additional 223 shares during the last quarter. IFP Advisors Inc acquired a new position in iShares Russell Top 200 Value ETF during the 2nd quarter worth $27,000. Finally, Decker Retirement Planning Inc. lifted its holdings in iShares Russell Top 200 Value ETF by 3.6% during the 1st quarter. Decker Retirement Planning Inc. now owns 12,636 shares of the company’s stock worth $1,171,000 after buying an additional 437 shares in the last quarter.

iShares Russell Top 200 Value ETF Trading Up 0.7%

IWX stock traded up $0.76 during trading on Friday, hitting $111.87. 106,663 shares of the stock traded hands, compared to its average volume of 329,555. iShares Russell Top 200 Value ETF has a one year low of $86.44 and a one year high of $113.95. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The company has a 50 day simple moving average of $111.85 and a 200 day simple moving average of $105.60.

About iShares Russell Top 200 Value ETF

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.