iShares Russell 2500 ETF (BATS:SMMD – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 197,737 shares, a growth of 81.4% from the July 15th total of 108,981 shares. Based on an average trading volume of 241,249 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.9% of the company’s shares are sold short.
iShares Russell 2500 ETF Stock Up 0.2%
Shares of SMMD opened at $93.31 on Friday. iShares Russell 2500 ETF has a fifty-two week low of $69.81 and a fifty-two week high of $93.42. The firm’s 50 day moving average price is $90.22 and its 200 day moving average price is $84.62. The company has a market cap of $2.00 billion, a P/E ratio of 19.95 and a beta of 1.09.
Institutional Investors Weigh In On iShares Russell 2500 ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SMMD. CENTRAL TRUST Co raised its holdings in iShares Russell 2500 ETF by 7.8% during the fourth quarter. CENTRAL TRUST Co now owns 747,385 shares of the company’s stock worth $56,009,000 after purchasing an additional 54,284 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of iShares Russell 2500 ETF in the first quarter valued at about $1,602,000. Whittier Trust Co. of Nevada Inc. raised its stake in iShares Russell 2500 ETF by 1,034.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 6,510 shares of the company’s stock valued at $509,000 after acquiring an additional 5,936 shares during the last quarter. UBS Group AG raised its stake in shares of iShares Russell 2500 ETF by 11.6% during the fourth quarter. UBS Group AG now owns 399,099 shares of the company’s stock worth $29,908,000 after purchasing an additional 41,597 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its stake in shares of iShares Russell 2500 ETF by 145.8% in the 4th quarter. Pure Financial Advisors LLC now owns 37,344 shares of the company’s stock worth $2,799,000 after acquiring an additional 22,153 shares during the period.
iShares Russell 2500 ETF Company Profile
The iShares Russell 2500 ETF (SMMD) is an exchange-traded fund that is based on the Russell 2500 index, a market-cap-weighted index of US companies ranked 501-3,000 by market cap. SMMD was launched on Jul 6, 2017 and is managed by BlackRock.
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