iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sees Large Increase in Short Interest

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 288,310 shares, a growth of 82.4% from the August 31st total of 158,072 shares. Based on an average daily trading volume, of 356,418 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. boosted its position in shares of iShares Russell Mid-Cap Value ETF by 27.8% during the second quarter. QRG Capital Management Inc. now owns 5,549 shares of the company’s stock valued at $913,000 after purchasing an additional 1,208 shares in the last quarter. Security National Bank of Sioux City Iowa IA bought a new position in iShares Russell Mid-Cap Value ETF in the second quarter worth $28,000. Smith Chas P & Associates PA Cpas bought a new position in iShares Russell Mid-Cap Value ETF in the second quarter worth $217,000. Sequoia Financial Advisors LLC lifted its position in iShares Russell Mid-Cap Value ETF by 14.5% during the second quarter. Sequoia Financial Advisors LLC now owns 9,068 shares of the company’s stock valued at $1,493,000 after buying an additional 1,146 shares during the period. Finally, SVB Wealth LLC lifted its position in iShares Russell Mid-Cap Value ETF by 5.8% during the second quarter. SVB Wealth LLC now owns 276,422 shares of the company’s stock valued at $45,499,000 after buying an additional 15,220 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Price Performance

IWS traded down $0.24 on Thursday, hitting $160.50. The company had a trading volume of 172,696 shares, compared to its average volume of 458,629. iShares Russell Mid-Cap Value ETF has a 52-week low of $133.74 and a 52-week high of $173.52. The stock has a fifty day simple moving average of $168.33 and a 200-day simple moving average of $161.19. The firm has a market capitalization of $14.76 billion, a P/E ratio of 19.11 and a beta of 0.95.

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.