Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Rises By 34.3%

iShares Russell 3000 ETF (NYSEARCA:IWV) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 363,325 shares, an increase of 34.3% from the February 26th total of 270,519 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 366,319 shares, the short-interest ratio is currently 1.0 days.

iShares Russell 3000 ETF Stock Down 1.7%

Shares of IWV traded down $6.36 during mid-day trading on Friday, hitting $361.62. The company had a trading volume of 567,730 shares, compared to its average volume of 306,668. iShares Russell 3000 ETF has a 1-year low of $273.60 and a 1-year high of $397.05. The business’s 50-day simple moving average is $386.54 and its 200-day simple moving average is $384.83. The stock has a market cap of $17.01 billion, a PE ratio of 25.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell 3000 ETF

A number of hedge funds have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. purchased a new stake in shares of iShares Russell 3000 ETF during the 4th quarter valued at $311,000. Hsbc Holdings PLC purchased a new position in shares of iShares Russell 3000 ETF in the 4th quarter worth $963,000. Rockefeller Capital Management L.P. boosted its holdings in iShares Russell 3000 ETF by 25.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 76,804 shares of the company’s stock valued at $29,712,000 after acquiring an additional 15,353 shares during the last quarter. World Investment Advisors boosted its holdings in iShares Russell 3000 ETF by 4.8% in the fourth quarter. World Investment Advisors now owns 3,828 shares of the company’s stock valued at $1,481,000 after acquiring an additional 177 shares during the last quarter. Finally, Winthrop Partners WNY LLC purchased a new stake in iShares Russell 3000 ETF during the fourth quarter valued at about $265,000.

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.