iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Short Interest Down 66.0% in July

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 105,131 shares, a drop of 66.0% from the June 30th total of 309,206 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 548,168 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWX. Cornerstone Planning Group LLC acquired a new stake in iShares Russell Top 200 Value ETF in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new position in iShares Russell Top 200 Value ETF during the 4th quarter worth $49,000. International Assets Investment Management LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the first quarter worth $55,000. Bessemer Group Inc. bought a new position in shares of iShares Russell Top 200 Value ETF in the first quarter worth $61,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of iShares Russell Top 200 Value ETF by 42.1% in the second quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock worth $66,000 after purchasing an additional 231 shares in the last quarter.

iShares Russell Top 200 Value ETF Trading Up 0.8%

iShares Russell Top 200 Value ETF stock traded up $0.92 during midday trading on Tuesday, reaching $109.78. 310,381 shares of the stock traded hands, compared to its average volume of 310,174. iShares Russell Top 200 Value ETF has a fifty-two week low of $82.78 and a fifty-two week high of $110.12. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The firm has a fifty day moving average price of $105.76 and a two-hundred day moving average price of $99.69.

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.