iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Significant Decline in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the recipient of a large drop in short interest during the month of 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. Based on an average daily volume of 249,923 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several large investors have recently added to or reduced their stakes in IWX. IFP Advisors Inc bought a new stake in iShares Russell Top 200 Value ETF during the 2nd quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of iShares Russell Top 200 Value ETF during the first quarter valued at approximately $55,000. Bessemer Group Inc. bought a new stake in iShares Russell Top 200 Value ETF during the first quarter worth $61,000. Tower Research Capital LLC TRC grew its holdings in iShares Russell Top 200 Value ETF by 42.1% during the second quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock worth $66,000 after buying an additional 231 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in iShares Russell Top 200 Value ETF by 101.7% in the 4th quarter. Harbour Investments Inc. now owns 829 shares of the company’s stock valued at $76,000 after buying an additional 418 shares during the last quarter.

iShares Russell Top 200 Value ETF Stock Performance

Shares of NYSEARCA:IWX traded up $0.95 during midday trading on Friday, reaching $112.46. The company’s stock had a trading volume of 730,190 shares, compared to its average volume of 310,663. The firm has a 50 day moving average price of $110.81 and a two-hundred day moving average price of $103.41. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. iShares Russell Top 200 Value ETF has a fifty-two week low of $86.44 and a fifty-two week high of $113.95.

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.