iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sees Significant Growth in Short Interest

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 405,944 shares, a growth of 132.7% from the February 26th total of 174,446 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 700,452 shares, the short-interest ratio is presently 0.6 days.

iShares Russell Mid-Cap Value ETF Stock Down 0.5%

Shares of IWS stock opened at $145.74 on Thursday. iShares Russell Mid-Cap Value ETF has a 52-week low of $108.85 and a 52-week high of $154.79. The stock has a market cap of $14.49 billion, a PE ratio of 19.11 and a beta of 1.02. The business has a 50-day simple moving average of $149.33 and a 200-day simple moving average of $143.45.

Institutional Trading of iShares Russell Mid-Cap Value ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Russell Mid-Cap Value ETF by 1,160.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock worth $502,865,000 after acquiring an additional 3,282,372 shares during the period. SVB Wealth LLC acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 2nd quarter worth approximately $36,835,000. Align Financial LLC purchased a new position in iShares Russell Mid-Cap Value ETF during the fourth quarter valued at $31,613,000. BNP Paribas Financial Markets raised its position in shares of iShares Russell Mid-Cap Value ETF by 397.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock worth $32,847,000 after purchasing an additional 198,581 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new position in iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at about $23,756,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

About iShares Russell Mid-Cap Value ETF

iShares Russell Mid-Cap Value ETF (the Fund), formerly iShares Russell Midcap Value 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 Value Index (the Value Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.