iShares Russell 1000 ETF (NYSEARCA:IWB) Sees Large Decline in Short Interest

iShares Russell 1000 ETF (NYSEARCA:IWB) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,263,346 shares, a drop of 29.2% from the January 15th total of 1,783,158 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,878,215 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 1,878,215 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IWB. REAP Financial Group LLC bought a new position in iShares Russell 1000 ETF during the fourth quarter valued at approximately $28,000. Capital A Wealth Management LLC bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter valued at $30,000. Caldwell Trust Co bought a new position in shares of iShares Russell 1000 ETF during the 2nd quarter valued at $30,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Russell 1000 ETF in the 3rd quarter worth $30,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of iShares Russell 1000 ETF by 75.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock worth $31,000 after acquiring an additional 39 shares during the period.

iShares Russell 1000 ETF Stock Up 0.1%

Shares of IWB stock traded up $0.45 during mid-day trading on Friday, reaching $373.74. 1,850,748 shares of the company’s stock traded hands, compared to its average volume of 1,581,515. iShares Russell 1000 ETF has a 12 month low of $264.17 and a 12 month high of $382.34. The company’s 50-day moving average price is $376.76 and its 200-day moving average price is $367.65. The company has a market cap of $46.14 billion, a P/E ratio of 24.71 and a beta of 1.01.

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.