Short Interest in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Decreases By 16.0%

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,997,317 shares, a drop 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 short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

iShares Russell Mid-Cap ETF Trading Up 1.4%

NYSEARCA IWR traded up $1.46 during trading hours on Friday, hitting $104.18. 2,014,130 shares of the company’s stock were exchanged, compared to its average volume of 3,002,520. The stock has a 50-day simple moving average of $100.09 and a 200 day simple moving average of $98.23. iShares Russell Mid-Cap ETF has a 1-year low of $77.72 and a 1-year high of $104.62. The firm has a market cap of $52.06 billion, a price-to-earnings ratio of 21.00 and a beta of 1.03.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Several large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in iShares Russell Mid-Cap ETF by 4.2% in the fourth quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock valued at $9,240,000 after acquiring an additional 4,189 shares during the period. Revolve Wealth Partners LLC acquired a new stake in iShares Russell Mid-Cap ETF in the fourth quarter valued at approximately $323,000. Quantbot Technologies LP acquired a new stake in iShares Russell Mid-Cap ETF in the second quarter valued at approximately $64,000. Qube Research & Technologies Ltd grew its stake in iShares Russell Mid-Cap ETF by 581.4% in the second quarter. Qube Research & Technologies Ltd now owns 9,253 shares of the company’s stock valued at $851,000 after acquiring an additional 7,895 shares during the period. Finally, Ieq Capital LLC grew its stake in iShares Russell Mid-Cap ETF by 2.6% in the second quarter. Ieq Capital LLC now owns 86,647 shares of the company’s stock valued at $7,969,000 after acquiring an additional 2,199 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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.