Short Interest in iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Declines By 60.4%

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 28,902 shares, a drop of 60.4% from the January 15th total of 72,923 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 287,686 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 287,686 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

iShares Russell Top 200 Value ETF Stock Performance

NYSEARCA:IWX traded down $1.08 during mid-day trading on Thursday, hitting $96.49. 129,320 shares of the company’s stock traded hands, compared to its average volume of 244,566. The company has a fifty day moving average of $94.00 and a 200 day moving average of $89.82. iShares Russell Top 200 Value ETF has a twelve month low of $71.48 and a twelve month high of $98.02. The company has a market capitalization of $3.79 billion, a P/E ratio of 19.39 and a beta of 0.82.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC purchased a new position in shares of iShares Russell Top 200 Value ETF in the second quarter worth $482,000. AE Wealth Management LLC increased its position in shares of iShares Russell Top 200 Value ETF by 0.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,017,400 shares of the company’s stock valued at $85,655,000 after acquiring an additional 5,763 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Russell Top 200 Value ETF by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 274,444 shares of the company’s stock worth $23,105,000 after acquiring an additional 21,382 shares during the last quarter. Prospera Financial Services Inc raised its stake in iShares Russell Top 200 Value ETF by 23.4% in the 2nd quarter. Prospera Financial Services Inc now owns 10,564 shares of the company’s stock worth $889,000 after acquiring an additional 2,002 shares during the last quarter. Finally, Claro Advisors LLC lifted its position in iShares Russell Top 200 Value ETF by 63.0% during the 2nd quarter. Claro Advisors LLC now owns 8,388 shares of the company’s stock worth $706,000 after acquiring an additional 3,241 shares during the period.

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.