iShares Russell 3000 ETF (NYSEARCA:IWV) Short Interest Update

iShares Russell 3000 ETF (NYSEARCA:IWV) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 216,735 shares, a decline of 22.1% from the December 15th total of 278,100 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 227,790 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 227,790 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are short sold.

iShares Russell 3000 ETF Stock Down 0.1%

Shares of IWV traded down $0.30 during mid-day trading on Monday, hitting $394.01. 209,774 shares of the company’s stock were exchanged, compared to its average volume of 279,552. iShares Russell 3000 ETF has a 52 week low of $273.60 and a 52 week high of $396.11. The stock’s 50-day simple moving average is $387.08 and its 200-day simple moving average is $376.08. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 25.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Gallagher Fiduciary Advisors LLC grew its holdings in shares of iShares Russell 3000 ETF by 31,808.4% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 988,203 shares of the company’s stock worth $346,859,000 after purchasing an additional 985,106 shares in the last quarter. UNC Management Company Inc. raised its stake in iShares Russell 3000 ETF by 0.3% in the second quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock valued at $203,101,000 after purchasing an additional 1,506 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares Russell 3000 ETF by 16.0% during the second quarter. Ameriprise Financial Inc. now owns 450,539 shares of the company’s stock worth $158,217,000 after purchasing an additional 61,982 shares during the period. Bank of New York Mellon Corp grew its stake in iShares Russell 3000 ETF by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 363,288 shares of the company’s stock worth $127,514,000 after buying an additional 44,221 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in iShares Russell 3000 ETF by 0.5% during the third quarter. PNC Financial Services Group Inc. now owns 349,410 shares of the company’s stock worth $132,405,000 after buying an additional 1,694 shares in the last quarter.

iShares Russell 3000 ETF Company Profile

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.