iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sees Significant Decrease in Short Interest

iShares S&P 500 Growth ETF (NYSEARCA:IVW) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,242,408 shares, a decline of 26.7% from the January 29th total of 1,695,531 shares. Based on an average daily volume of 4,910,524 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,910,524 shares, the days-to-cover ratio is currently 0.3 days.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $118.67 on Wednesday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The company has a fifty day moving average of $122.50 and a 200-day moving average of $121.23. The stock has a market capitalization of $63.70 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Embree Financial Group raised its stake in shares of iShares S&P 500 Growth ETF by 358.1% in the third quarter. Embree Financial Group now owns 38,283 shares of the company’s stock worth $4,621,000 after purchasing an additional 29,926 shares during the last quarter. First Horizon Corp bought a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth about $4,237,000. Atria Investments Inc raised its position in iShares S&P 500 Growth ETF by 4.6% in the 3rd quarter. Atria Investments Inc now owns 457,419 shares of the company’s stock worth $55,220,000 after buying an additional 19,917 shares during the last quarter. Clark Financial Services Group Inc. BD raised its position in iShares S&P 500 Growth ETF by 38.7% in the 3rd quarter. Clark Financial Services Group Inc. BD now owns 109,021 shares of the company’s stock worth $13,161,000 after buying an additional 30,407 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 58.9% during the 3rd quarter. Fortis Capital Advisors LLC now owns 18,152 shares of the company’s stock valued at $2,191,000 after acquiring an additional 6,732 shares during the period.

About iShares S&P 500 Growth ETF

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.