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

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 128,004 shares, an increase of 153.8% from the May 31st total of 50,444 shares. Based on an average daily volume of 440,269 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

iShares Russell Top 200 Growth ETF Stock Performance

iShares Russell Top 200 Growth ETF stock opened at $278.18 on Monday. The stock has a market cap of $16.43 billion, a P/E ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a fifty-two week low of $238.75 and a fifty-two week high of $303.12. The firm’s fifty day moving average price is $287.15 and its 200-day moving average price is $273.89.

Hedge Funds Weigh In On iShares Russell Top 200 Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. increased its stake in iShares Russell Top 200 Growth ETF by 2.3% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 1,673 shares of the company’s stock worth $416,000 after acquiring an additional 37 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its position in shares of iShares Russell Top 200 Growth ETF by 1.4% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,736 shares of the company’s stock valued at $749,000 after acquiring an additional 38 shares during the last quarter. Sowell Financial Services LLC grew its holdings in shares of iShares Russell Top 200 Growth ETF by 1.8% during the fourth quarter. Sowell Financial Services LLC now owns 2,179 shares of the company’s stock worth $603,000 after purchasing an additional 39 shares in the last quarter. Barnes Wealth Management Group Inc grew its holdings in shares of iShares Russell Top 200 Growth ETF by 2.1% during the fourth quarter. Barnes Wealth Management Group Inc now owns 2,052 shares of the company’s stock worth $568,000 after purchasing an additional 43 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of iShares Russell Top 200 Growth ETF by 2.1% during the fourth quarter. Bank of Montreal Can now owns 2,116 shares of the company’s stock worth $586,000 after purchasing an additional 43 shares in the last quarter.

About iShares Russell Top 200 Growth ETF

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.