iShares Russell 3000 ETF (NYSEARCA:IWV) Short Interest Down 52.0% in February

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 212,592 shares, a drop of 52.0% from the January 29th total of 442,487 shares. Based on an average daily trading volume, of 281,328 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 281,328 shares, the days-to-cover ratio is currently 0.8 days.

iShares Russell 3000 ETF Price Performance

Shares of IWV stock traded down $2.03 during mid-day trading on Friday, hitting $390.66. The company had a trading volume of 311,322 shares, compared to its average volume of 270,795. The stock’s 50 day moving average price is $391.71 and its 200-day moving average price is $383.17. iShares Russell 3000 ETF has a 52-week low of $273.60 and a 52-week high of $397.05. The company has a market capitalization of $18.38 billion, a P/E ratio of 25.11 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IWV. First Horizon Corp bought a new position in iShares Russell 3000 ETF in the third quarter worth about $15,623,000. Allspring Global Investments Holdings LLC grew its position in shares of iShares Russell 3000 ETF by 9.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,651 shares of the company’s stock worth $10,478,000 after buying an additional 2,328 shares during the last quarter. First National Trust Co raised its stake in shares of iShares Russell 3000 ETF by 4.2% during the 3rd quarter. First National Trust Co now owns 38,430 shares of the company’s stock worth $14,563,000 after acquiring an additional 1,557 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in iShares Russell 3000 ETF during the second quarter valued at approximately $208,000. Finally, Cambridge Financial Group LLC acquired a new stake in iShares Russell 3000 ETF in the third quarter valued at approximately $1,405,000.

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.