Short Interest in iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Declines By 82.8%

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 30,269 shares, a drop of 82.8% from the August 15th total of 176,146 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 249,923 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in shares of iShares Russell Top 200 Value ETF in the second quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in shares of iShares Russell Top 200 Value ETF during the 1st quarter valued at approximately $55,000. Bessemer Group Inc. bought a new stake in shares of iShares Russell Top 200 Value ETF during the 1st quarter valued at approximately $61,000. Tower Research Capital LLC TRC increased its position in iShares Russell Top 200 Value ETF by 42.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock worth $66,000 after purchasing an additional 231 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in iShares Russell Top 200 Value ETF by 101.7% during the 4th quarter. Harbour Investments Inc. now owns 829 shares of the company’s stock worth $76,000 after purchasing an additional 418 shares in the last quarter.

iShares Russell Top 200 Value ETF Stock Up 0.9%

Shares of IWX traded up $0.95 during midday trading on Friday, hitting $112.46. The company’s stock had a trading volume of 730,190 shares, compared to its average volume of 310,663. iShares Russell Top 200 Value ETF has a one year low of $86.44 and a one year high of $113.95. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The company’s fifty day simple moving average is $110.81 and its two-hundred day simple moving average is $103.41.

iShares Russell Top 200 Value ETF Company Profile

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.