iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Increase in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 79,753 shares, an increase of 129.1% from the February 26th total of 34,813 shares. Based on an average daily volume of 258,921 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares Russell Top 200 Value ETF Stock Down 1.2%

IWX stock traded down $1.11 during trading on Friday, reaching $90.98. The stock had a trading volume of 88,625 shares, compared to its average volume of 253,385. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.39 and a beta of 0.82. iShares Russell Top 200 Value ETF has a one year low of $71.48 and a one year high of $98.02. The company’s 50 day moving average is $95.49 and its two-hundred day moving average is $91.87.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several institutional investors have recently modified their holdings of IWX. World Investment Advisors purchased a new position in iShares Russell Top 200 Value ETF in the fourth quarter worth $3,498,000. Compound Planning Inc. purchased a new position in shares of iShares Russell Top 200 Value ETF in the 4th quarter worth about $762,000. First Citizens Bank & Trust Co. boosted its holdings in shares of iShares Russell Top 200 Value ETF by 1.3% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,983,534 shares of the company’s stock worth $549,647,000 after buying an additional 77,178 shares during the last quarter. NewEdge Advisors LLC grew its position in iShares Russell Top 200 Value ETF by 12.6% during the fourth quarter. NewEdge Advisors LLC now owns 187,453 shares of the company’s stock valued at $17,219,000 after buying an additional 20,951 shares during the period. Finally, Claro Advisors Inc. grew its position in iShares Russell Top 200 Value ETF by 21.9% during the fourth quarter. Claro Advisors Inc. now owns 9,945 shares of the company’s stock valued at $914,000 after buying an additional 1,787 shares during the period.

iShares Russell Top 200 Value ETF Company Profile

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.