iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Large Drop in Short Interest

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 18,624 shares, a drop of 82.4% from the June 30th total of 106,065 shares. Based on an average daily trading volume, of 322,030 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Russell Top 200 Growth ETF

A number of institutional investors have recently made changes to their positions in the stock. Lifetime Wealth Management P.C. bought a new position in shares of iShares Russell Top 200 Growth ETF during the fourth quarter worth about $31,000. Optima Capital LLC bought a new stake in iShares Russell Top 200 Growth ETF in the fourth quarter valued at approximately $33,000. Main Street Group LTD bought a new stake in iShares Russell Top 200 Growth ETF in the first quarter valued at approximately $35,000. International Assets Investment Management LLC acquired a new stake in iShares Russell Top 200 Growth ETF during the 4th quarter valued at approximately $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in iShares Russell Top 200 Growth ETF during the 1st quarter valued at approximately $54,000.

iShares Russell Top 200 Growth ETF Stock Down 0.8%

NYSEARCA IWY traded down $2.16 on Friday, hitting $274.90. The company’s stock had a trading volume of 263,668 shares, compared to its average volume of 476,644. The company’s 50-day moving average is $287.71 and its 200 day moving average is $274.91. The firm has a market cap of $15.94 billion, a PE ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a 1-year low of $238.75 and a 1-year high of $303.12.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.