iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Short Interest Update
by Teresa Graham · The Cerbat GemiShares Russell Mid-Cap ETF (NYSEARCA:IWR – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,997,317 shares, a decrease of 16.0% from the March 15th total of 2,378,552 shares. Based on an average daily volume of 4,920,835 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.
iShares Russell Mid-Cap ETF Trading Up 1.4%
Shares of IWR traded up $1.46 during midday trading on Friday, reaching $104.18. The stock had a trading volume of 2,014,130 shares, compared to its average volume of 3,002,520. The company’s 50-day moving average is $100.09 and its 200 day moving average is $98.23. iShares Russell Mid-Cap ETF has a 12-month low of $77.72 and a 12-month high of $104.62. The company has a market capitalization of $52.06 billion, a price-to-earnings ratio of 21.00 and a beta of 1.03.
Hedge Funds Weigh In On iShares Russell Mid-Cap ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IWR. Jones Financial Companies Lllp lifted its holdings in iShares Russell Mid-Cap ETF by 8.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 75,344,008 shares of the company’s stock worth $7,245,741,000 after buying an additional 5,633,614 shares during the period. Bank of America Corp DE lifted its holdings in iShares Russell Mid-Cap ETF by 6.6% in the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after buying an additional 4,145,765 shares during the period. Wells Fargo & Company MN lifted its holdings in iShares Russell Mid-Cap ETF by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock worth $4,013,120,000 after buying an additional 1,438,369 shares during the period. Morgan Stanley lifted its holdings in iShares Russell Mid-Cap ETF by 4.5% in the 4th quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock worth $1,039,501,000 after buying an additional 460,088 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in iShares Russell Mid-Cap ETF by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock worth $1,037,737,000 after buying an additional 756,994 shares during the period. 80.16% of the stock is currently owned by hedge funds and other institutional investors.
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.