iShares Russell 3000 ETF (NYSEARCA:IWV) Short Interest Down 47.1% in August

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 166,641 shares, a drop of 47.1% from the August 15th total of 315,283 shares. Based on an average daily trading volume, of 135,489 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently bought and sold shares of IWV. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares Russell 3000 ETF by 38.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,973 shares of the company’s stock valued at $5,105,000 after buying an additional 3,306 shares in the last quarter. Tanager Wealth Management LLP grew its stake in iShares Russell 3000 ETF by 2.0% during the 2nd quarter. Tanager Wealth Management LLP now owns 35,804 shares of the company’s stock valued at $15,267,000 after purchasing an additional 706 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in iShares Russell 3000 ETF in the 2nd quarter worth approximately $8,032,000. HB Wealth Management LLC raised its holdings in shares of iShares Russell 3000 ETF by 0.5% during the second quarter. HB Wealth Management LLC now owns 80,702 shares of the company’s stock worth $34,412,000 after purchasing an additional 395 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of iShares Russell 3000 ETF by 864.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,138 shares of the company’s stock valued at $485,000 after buying an additional 1,020 shares during the period.

iShares Russell 3000 ETF Stock Performance

Shares of iShares Russell 3000 ETF stock traded down $3.18 on Tuesday, hitting $429.10. 109,802 shares of the company traded hands, compared to its average volume of 244,794. iShares Russell 3000 ETF has a 52 week low of $358.55 and a 52 week high of $443.90. The business has a 50-day simple moving average of $432.22 and a 200 day simple moving average of $413.71. The stock has a market capitalization of $19.82 billion, a P/E ratio of 25.11 and a beta of 1.01.

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.