iShares Russell 3000 ETF (NYSEARCA:IWV – Get Free Report) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 180,299 shares, a decline of 42.2% from the May 14th total of 311,968 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 390,015 shares, the short-interest ratio is presently 0.5 days.
iShares Russell 3000 ETF Price Performance
Shares of NYSEARCA IWV opened at $422.01 on Friday. The stock has a market capitalization of $19.54 billion, a PE ratio of 25.11 and a beta of 1.01. The business has a fifty day moving average price of $410.11 and a two-hundred day moving average price of $395.10. iShares Russell 3000 ETF has a fifty-two week low of $336.42 and a fifty-two week high of $431.32.
Hedge Funds Weigh In On iShares Russell 3000 ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Family Investments Inc. raised its holdings in shares of iShares Russell 3000 ETF by 687.5% during the 4th quarter. American Family Investments Inc. now owns 271,840 shares of the company’s stock worth $105,161,000 after buying an additional 237,322 shares in the last quarter. Align Financial LLC acquired a new position in shares of iShares Russell 3000 ETF during the 4th quarter worth $69,589,000. Beacon Pointe Advisors LLC raised its holdings in shares of iShares Russell 3000 ETF by 1,265.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 174,191 shares of the company’s stock worth $67,386,000 after buying an additional 161,432 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of iShares Russell 3000 ETF during the 1st quarter worth $57,055,000. Finally, Brown Advisory Inc. raised its holdings in shares of iShares Russell 3000 ETF by 345.6% during the 4th quarter. Brown Advisory Inc. now owns 159,824 shares of the company’s stock worth $61,828,000 after buying an additional 123,953 shares in the last quarter.
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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