Short Interest in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Drops By 18.2%

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,378,552 shares, a decline of 18.2% from the February 26th total of 2,907,302 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,434,895 shares, the days-to-cover ratio is currently 0.5 days.

iShares Russell Mid-Cap ETF Trading Up 1.6%

Shares of IWR stock traded up $1.48 during trading hours on Tuesday, hitting $96.22. 764,811 shares of the company were exchanged, compared to its average volume of 3,051,490. iShares Russell Mid-Cap ETF has a 52 week low of $73.17 and a 52 week high of $103.53. The business has a 50 day moving average of $100.02 and a two-hundred day moving average of $97.85. The company has a market capitalization of $46.02 billion, a PE ratio of 21.00 and a beta of 1.06.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth about $2,886,000. John A. Wolfe & Associates Inc. acquired a new stake in iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $385,000. Rockefeller Capital Management L.P. lifted its stake in iShares Russell Mid-Cap ETF by 36.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 925,575 shares of the company’s stock valued at $89,105,000 after acquiring an additional 247,166 shares in the last quarter. World Investment Advisors lifted its stake in iShares Russell Mid-Cap ETF by 11.9% in the 4th quarter. World Investment Advisors now owns 34,676 shares of the company’s stock valued at $3,338,000 after acquiring an additional 3,681 shares in the last quarter. Finally, Farmers National Bank boosted its position in iShares Russell Mid-Cap ETF by 8.9% during the 4th quarter. Farmers National Bank now owns 20,160 shares of the company’s stock worth $1,941,000 after acquiring an additional 1,651 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.