iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,637,174 shares, a decline of 39.8% from the September 30th total of 2,721,317 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,474,857 shares, the short-interest ratio is presently 1.1 days.
Hedge Funds Weigh In On iShares Russell Mid-Cap ETF
Several hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. boosted its holdings in iShares Russell Mid-Cap ETF by 18.8% during the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after buying an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Russell Mid-Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after buying an additional 29,329 shares in the last quarter. AMG National Trust Bank increased its holdings in shares of iShares Russell Mid-Cap ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after buying an additional 77,476 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares Russell Mid-Cap ETF by 25.7% in the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after buying an additional 521,709 shares in the last quarter. Finally, Glenview Trust Co lifted its position in shares of iShares Russell Mid-Cap ETF by 0.8% during the 3rd quarter. Glenview Trust Co now owns 1,418,745 shares of the company’s stock valued at $151,394,000 after acquiring an additional 10,717 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.
iShares Russell Mid-Cap ETF Stock Up 0.3%
iShares Russell Mid-Cap ETF stock traded up $0.29 during midday trading on Monday, hitting $110.32. The company’s stock had a trading volume of 1,674,594 shares, compared to its average volume of 2,227,991. iShares Russell Mid-Cap ETF has a 12 month low of $91.64 and a 12 month high of $114.97. The company has a market capitalization of $57.75 billion, a PE ratio of 21.00 and a beta of 1.00. The stock’s 50-day moving average price is $109.79 and its 200-day moving average price is $106.00.
iShares Russell Mid-Cap ETF Company Profile
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.
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