iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Significant Decline in Short Interest

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 180,299 shares, a decline of 42.2% from the May 14th total of 311,968 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 390,015 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Russell 3000 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IWV. American Family Investments Inc. raised its holdings in iShares Russell 3000 ETF by 687.5% in the 4th quarter. American Family Investments Inc. now owns 271,840 shares of the company’s stock valued at $105,161,000 after acquiring an additional 237,322 shares in the last quarter. Align Financial LLC acquired a new position in iShares Russell 3000 ETF in the 4th quarter valued at $69,589,000. Beacon Pointe Advisors LLC raised its holdings in iShares Russell 3000 ETF by 1,265.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 174,191 shares of the company’s stock valued at $67,386,000 after acquiring an additional 161,432 shares in the last quarter. Calamos Advisors LLC acquired a new position in iShares Russell 3000 ETF in the 1st quarter valued at $57,055,000. Finally, Brown Advisory Inc. raised its holdings in iShares Russell 3000 ETF by 345.6% in the 4th quarter. Brown Advisory Inc. now owns 159,824 shares of the company’s stock valued at $61,828,000 after acquiring an additional 123,953 shares in the last quarter.

iShares Russell 3000 ETF Price Performance

IWV opened at $422.01 on Friday. The business has a fifty day simple moving average of $410.11 and a 200 day simple moving average of $395.10. The company has a market capitalization of $19.54 billion, a PE ratio of 25.11 and a beta of 1.01. iShares Russell 3000 ETF has a 1 year low of $336.42 and a 1 year high of $431.32.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.