Short Interest in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Increases By 301.1%

iShares Russell 1000 Growth ETF (NYSEARCA:IWF) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 6,264,474 shares, a growth of 301.1% from the April 15th total of 1,561,909 shares. Based on an average daily volume of 4,899,235 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.6% of the shares of the company are sold short.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock traded down $1.52 during midday trading on Friday, hitting $124.37. The company had a trading volume of 7,496,643 shares, compared to its average volume of 10,892,172. The company’s 50 day simple moving average is $113.96 and its 200 day simple moving average is $116.11. iShares Russell 1000 Growth ETF has a 52-week low of $97.07 and a 52-week high of $126.04. The stock has a market cap of $129.89 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IWF. Revolve Wealth Partners LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 2.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 6,447 shares of the exchange traded fund’s stock valued at $2,589,000 after buying an additional 153 shares during the period. Bison Wealth LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 20.5% in the 4th quarter. Bison Wealth LLC now owns 22,897 shares of the exchange traded fund’s stock valued at $9,195,000 after buying an additional 3,888 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of iShares Russell 1000 Growth ETF by 24.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,253 shares of the exchange traded fund’s stock valued at $1,806,000 after buying an additional 849 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of iShares Russell 1000 Growth ETF by 55.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,378 shares of the exchange traded fund’s stock valued at $1,434,000 after buying an additional 1,205 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of iShares Russell 1000 Growth ETF by 70.3% in the 2nd quarter. First Trust Advisors LP now owns 1,960 shares of the exchange traded fund’s stock valued at $832,000 after buying an additional 809 shares during the period. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Company Profile

iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.