iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Growth in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 34,262 shares, a growth of 186.1% from the April 30th total of 11,974 shares. Based on an average daily volume of 129,970 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clark Capital Management Group Inc. bought a new position in iShares Russell Top 200 Value ETF during the 4th quarter worth about $66,327,000. LPL Financial LLC increased its holdings in iShares Russell Top 200 Value ETF by 654.7% during the 4th quarter. LPL Financial LLC now owns 640,842 shares of the company’s stock worth $58,868,000 after purchasing an additional 555,928 shares in the last quarter. First Citizens Investor Services Inc. bought a new position in iShares Russell Top 200 Value ETF during the 3rd quarter worth about $38,821,000. Align Financial LLC bought a new position in iShares Russell Top 200 Value ETF during the 4th quarter worth about $42,834,000. Finally, Orion Porfolio Solutions LLC bought a new position in iShares Russell Top 200 Value ETF during the 4th quarter worth about $33,250,000.

iShares Russell Top 200 Value ETF Price Performance

iShares Russell Top 200 Value ETF stock opened at $103.73 on Monday. The stock has a market capitalization of $3.51 billion, a PE ratio of 19.39 and a beta of 0.78. iShares Russell Top 200 Value ETF has a twelve month low of $81.04 and a twelve month high of $104.19. The company has a 50 day moving average of $98.05 and a 200-day moving average of $95.22.

About iShares Russell Top 200 Value ETF

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.