iShares Russell 2500 ETF (BATS:SMMD – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 316,867 shares, a growth of 605.1% from the September 15th total of 44,940 shares. Based on an average daily volume of 654,367 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.5% of the company’s stock are sold short.
iShares Russell 2500 ETF Stock Performance
BATS SMMD opened at $86.29 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The business has a 50 day simple moving average of $89.42 and a 200 day simple moving average of $87.25. iShares Russell 2500 ETF has a 52-week low of $69.94 and a 52-week high of $93.42.
Institutional Investors Weigh In On iShares Russell 2500 ETF
Large investors have recently made changes to their positions in the stock. Angeles Wealth Management LLC raised its holdings in shares of iShares Russell 2500 ETF by 150.3% during the first quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 215 shares during the period. SHP Wealth Management acquired a new position in iShares Russell 2500 ETF in the 4th quarter worth $50,000. Assetmark Inc. increased its holdings in iShares Russell 2500 ETF by 3,988.9% during the 1st quarter. Assetmark Inc. now owns 736 shares of the company’s stock worth $56,000 after purchasing an additional 718 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of iShares Russell 2500 ETF in the 1st quarter valued at about $58,000. Finally, MWA Asset Management bought a new stake in shares of iShares Russell 2500 ETF in the first quarter valued at about $67,000.
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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