iShares Russell 3000 ETF (NYSEARCA:IWV) Stock Short Interest Jumps 48.3%

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 247,107 shares, a growth of 48.3% from the August 31st total of 166,641 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 113,365 shares, the days-to-cover ratio is currently 2.2 days.

iShares Russell 3000 ETF Trading Up 0.2%

IWV stock traded up $0.93 during trading on Thursday, hitting $432.59. The company had a trading volume of 129,902 shares, compared to its average volume of 240,618. The company has a fifty day moving average price of $433.90 and a two-hundred day moving average price of $417.60. iShares Russell 3000 ETF has a fifty-two week low of $358.55 and a fifty-two week high of $443.90. The company has a market cap of $20.33 billion, a P/E ratio of 25.11 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 3000 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sittner & Nelson LLC acquired a new stake in shares of iShares Russell 3000 ETF during the 4th quarter worth about $25,000. RMG Wealth Management LLC bought a new stake in iShares Russell 3000 ETF during the first quarter worth about $35,000. Angeles Wealth Management LLC bought a new stake in iShares Russell 3000 ETF during the first quarter worth about $44,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of iShares Russell 3000 ETF during the first quarter worth approximately $59,000. Finally, MidFirst Bank acquired a new stake in shares of iShares Russell 3000 ETF during the fourth quarter worth approximately $64,000.

iShares Russell 3000 ETF Company Profile

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.