iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Significant Decline in Short Interest

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 141,009 shares, a decrease of 20.7% from the December 15th total of 177,801 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 253,524 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 253,524 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IWY. Envestnet Asset Management Inc. raised its stake in iShares Russell Top 200 Growth ETF by 231.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,327,228 shares of the company’s stock valued at $363,196,000 after purchasing an additional 926,618 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares Russell Top 200 Growth ETF by 32.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,180,008 shares of the company’s stock worth $869,831,000 after buying an additional 771,024 shares during the last quarter. Boulay Financial Advisors LLC purchased a new stake in shares of iShares Russell Top 200 Growth ETF during the 2nd quarter valued at $144,523,000. SVB Wealth LLC purchased a new stake in shares of iShares Russell Top 200 Growth ETF during the 2nd quarter valued at $79,526,000. Finally, First Citizens Investor Services Inc. bought a new stake in shares of iShares Russell Top 200 Growth ETF during the 3rd quarter worth $75,446,000.

iShares Russell Top 200 Growth ETF Stock Down 0.1%

Shares of IWY stock traded down $0.25 on Monday, reaching $274.02. The company’s stock had a trading volume of 447,897 shares, compared to its average volume of 581,854. The company has a market capitalization of $16.03 billion, a P/E ratio of 35.13 and a beta of 1.12. iShares Russell Top 200 Growth ETF has a 12-month low of $180.65 and a 12-month high of $288.99. The stock’s 50 day simple moving average is $276.79 and its 200-day simple moving average is $268.88.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.