iShares Russell 3000 ETF (NYSEARCA:IWV – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 166,641 shares, a decrease of 47.1% from the August 15th total of 315,283 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 135,489 shares, the days-to-cover ratio is presently 1.2 days.
Institutional Investors Weigh In On iShares Russell 3000 ETF
Several institutional investors have recently made changes to their positions in the stock. SCS Capital Management LLC grew its position in shares of iShares Russell 3000 ETF by 0.4% in the fourth quarter. SCS Capital Management LLC now owns 1,874,800 shares of the company’s stock valued at $725,266,000 after purchasing an additional 8,384 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in iShares Russell 3000 ETF by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,115 shares of the company’s stock worth $591,538,000 after purchasing an additional 86,391 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares Russell 3000 ETF by 11.4% in the 1st quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock worth $342,336,000 after purchasing an additional 94,283 shares during the period. Focus Partners Wealth grew its holdings in iShares Russell 3000 ETF by 6.3% during the 4th quarter. Focus Partners Wealth now owns 364,394 shares of the company’s stock valued at $140,966,000 after buying an additional 21,635 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in iShares Russell 3000 ETF by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 351,056 shares of the company’s stock valued at $135,806,000 after buying an additional 1,077 shares in the last quarter.
iShares Russell 3000 ETF Trading Up 1.0%
Shares of NYSEARCA IWV traded up $4.36 during midday trading on Thursday, hitting $431.79. The company’s stock had a trading volume of 45,151 shares, compared to its average volume of 242,881. The firm has a market capitalization of $19.95 billion, a price-to-earnings ratio of 25.11 and a beta of 1.01. The stock has a fifty day moving average price of $432.33 and a 200 day moving average price of $414.20. iShares Russell 3000 ETF has a one year low of $358.55 and a one year high of $443.90.
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.
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