Short Interest in iShares Micro-Cap ETF (NYSEARCA:IWC) Decreases By 17.3%

iShares Micro-Cap ETF (NYSEARCA:IWC) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 504,459 shares, a drop of 17.3% from the January 29th total of 609,822 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average daily trading volume, of 161,964 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 161,964 shares, the short-interest ratio is currently 3.1 days. Currently, 6.6% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in iShares Micro-Cap ETF during the fourth quarter worth $246,000. Corient Private Wealth LLC increased its stake in shares of iShares Micro-Cap ETF by 18.5% in the 4th quarter. Corient Private Wealth LLC now owns 177,674 shares of the exchange traded fund’s stock valued at $28,019,000 after purchasing an additional 27,768 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of iShares Micro-Cap ETF during the 4th quarter worth $76,000. Beacon Pointe Advisors LLC bought a new stake in shares of iShares Micro-Cap ETF during the 4th quarter worth $2,531,000. Finally, NewEdge Advisors LLC lifted its position in shares of iShares Micro-Cap ETF by 1,257.3% during the 4th quarter. NewEdge Advisors LLC now owns 2,036 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 1,886 shares during the last quarter.

iShares Micro-Cap ETF Price Performance

Shares of iShares Micro-Cap ETF stock traded down $6.47 on Tuesday, hitting $163.69. The company had a trading volume of 30,015 shares, compared to its average volume of 125,472. The stock has a 50-day moving average of $166.83 and a 200-day moving average of $156.73. iShares Micro-Cap ETF has a twelve month low of $95.25 and a twelve month high of $176.74. The firm has a market capitalization of $1.26 billion, a P/E ratio of 15.35 and a beta of 1.11.

About iShares Micro-Cap ETF

iShares Micro-Cap ETF, formerly iShares Russell Microcap Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Microcap Index (the Index). The Index measures the microcap sector of the United States equity market. The Index is a float-adjusted capitalization-weighted index and includes equity securities issued by issuers with total market capitalizations ranging from approximately $50 million to $550 million, though these amounts may change from time to time.