Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Rises By 129.2%

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 315,283 shares, an increase of 129.2% from the July 30th total of 137,587 shares. Based on an average trading volume of 185,983 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.7% of the company’s stock are short sold.

iShares Russell 3000 ETF Stock Down 0.4%

IWV stock traded down $1.69 during mid-day trading on Friday, reaching $437.51. 101,066 shares of the company traded hands, compared to its average volume of 251,313. The firm’s 50 day moving average price is $429.51 and its 200 day moving average price is $410.14. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a fifty-two week low of $358.55 and a fifty-two week high of $443.90.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IWV. Tanager Wealth Management LLP raised its position in iShares Russell 3000 ETF by 2.0% in the 2nd quarter. Tanager Wealth Management LLP now owns 35,804 shares of the company’s stock valued at $15,267,000 after buying an additional 706 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in iShares Russell 3000 ETF during the 2nd quarter valued at $8,032,000. HB Wealth Management LLC boosted its holdings in iShares Russell 3000 ETF by 0.5% during the 2nd quarter. HB Wealth Management LLC now owns 80,702 shares of the company’s stock worth $34,412,000 after acquiring an additional 395 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in iShares Russell 3000 ETF by 864.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 1,138 shares of the company’s stock worth $485,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Syon Capital LLC purchased a new position in iShares Russell 3000 ETF during the 2nd quarter worth $1,552,000.

About iShares Russell 3000 ETF

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.