iShares Russell Top 200 ETF (NYSEARCA:IWL) Short Interest Up 70.7% in May

iShares Russell Top 200 ETF (NYSEARCA:IWL) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 73,862 shares, an increase of 70.7% from the April 30th total of 43,281 shares. Based on an average daily volume of 57,396 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC purchased a new stake in iShares Russell Top 200 ETF during the fourth quarter valued at about $12,935,000. Silver Oak Securities Incorporated boosted its holdings in shares of iShares Russell Top 200 ETF by 53.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 12,968 shares of the company’s stock worth $2,228,000 after purchasing an additional 4,530 shares in the last quarter. Nicollet Investment Management Inc. increased its position in shares of iShares Russell Top 200 ETF by 6.7% during the 3rd quarter. Nicollet Investment Management Inc. now owns 47,557 shares of the company’s stock valued at $7,899,000 after purchasing an additional 2,999 shares during the last quarter. BOKF NA purchased a new position in shares of iShares Russell Top 200 ETF during the 4th quarter valued at about $2,226,000. Finally, Tompkins Financial Corp raised its holdings in shares of iShares Russell Top 200 ETF by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 571,143 shares of the company’s stock valued at $97,454,000 after buying an additional 18,292 shares in the last quarter.

iShares Russell Top 200 ETF Trading Down 0.5%

Shares of iShares Russell Top 200 ETF stock traded down $0.87 on Wednesday, reaching $188.03. The stock had a trading volume of 20,644 shares, compared to its average volume of 67,463. The business’s 50 day moving average is $174.75 and its two-hundred day moving average is $171.57. iShares Russell Top 200 ETF has a 1 year low of $146.16 and a 1 year high of $189.18. The company has a market cap of $2.25 billion, a P/E ratio of 26.95 and a beta of 1.01.

About iShares Russell Top 200 ETF

iShares Russell Top 200 ETF (the Fund), formerly iShares Russell Top 200 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 Top 200 Index (the Index). The Index is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the United States equity market. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.