iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Growth in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 6,021,361 shares, a growth of 267.8% from the October 15th total of 1,637,174 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 2,739,083 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IWR. LJI Wealth Management LLC raised its stake in iShares Russell Mid-Cap ETF by 2.8% during the third quarter. LJI Wealth Management LLC now owns 198,047 shares of the company’s stock valued at $21,134,000 after purchasing an additional 5,460 shares in the last quarter. Steph & Co. bought a new position in iShares Russell Mid-Cap ETF during the third quarter valued at $11,870,000. Brookstone Capital Management bought a new position in iShares Russell Mid-Cap ETF during the third quarter valued at $673,000. Whitener Capital Management Inc. grew its stake in shares of iShares Russell Mid-Cap ETF by 120.5% in the 2nd quarter. Whitener Capital Management Inc. now owns 9,199 shares of the company’s stock worth $1,015,000 after buying an additional 5,027 shares in the last quarter. Finally, Montgomery Financial Services LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the 2nd quarter worth $1,670,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

Shares of iShares Russell Mid-Cap ETF stock traded down $0.84 on Thursday, hitting $110.84. 951,227 shares of the company traded hands, compared to its average volume of 2,257,725. iShares Russell Mid-Cap ETF has a 52 week low of $91.64 and a 52 week high of $114.97. The business has a 50-day simple moving average of $109.39 and a 200 day simple moving average of $106.38. The stock has a market capitalization of $58.45 billion, a P/E ratio of 20.27 and a beta of 1.00.

iShares Russell Mid-Cap ETF Company Profile

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.