Short Interest in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Increases By 81.5%

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 259,674 shares, an increase of 81.5% from the June 30th total of 143,064 shares. Based on an average daily volume of 479,125 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

iShares Russell Mid-Cap Value ETF Stock Performance

NYSEARCA:IWS traded down $0.37 on Thursday, hitting $167.60. The stock had a trading volume of 361,673 shares, compared to its average volume of 492,655. iShares Russell Mid-Cap Value ETF has a 1 year low of $131.46 and a 1 year high of $169.71. The firm’s fifty day simple moving average is $163.51 and its two-hundred day simple moving average is $155.32. The stock has a market cap of $15.62 billion, a P/E ratio of 19.11 and a beta of 0.95.

Institutional Trading of iShares Russell Mid-Cap Value ETF

A number of hedge funds have recently bought and sold shares of the business. Processus Wealth & Capital Management LLC grew its stake in iShares Russell Mid-Cap Value ETF by 1.6% in the 2nd quarter. Processus Wealth & Capital Management LLC now owns 46,612 shares of the company’s stock valued at $7,672,000 after purchasing an additional 714 shares during the period. Abound Wealth Management raised its stake in shares of iShares Russell Mid-Cap Value ETF by 135.3% during the 2nd quarter. Abound Wealth Management now owns 240 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares during the period. Ocean Park Asset Management LLC purchased a new position in shares of iShares Russell Mid-Cap Value ETF in the 2nd quarter worth about $684,000. City Holding Co. grew its position in iShares Russell Mid-Cap Value ETF by 5.4% during the second quarter. City Holding Co. now owns 28,459 shares of the company’s stock valued at $4,684,000 after buying an additional 1,455 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in iShares Russell Mid-Cap Value ETF by 3.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 7,393 shares of the company’s stock valued at $1,217,000 after buying an additional 269 shares during the period. 80.17% of the stock is currently owned by institutional investors.

About iShares Russell Mid-Cap Value ETF

iShares Russell Mid-Cap Value ETF (the Fund), formerly iShares Russell Midcap Value 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 Value Index (the Value Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.