iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Decrease in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,637,174 shares, a decline of 39.8% from the September 30th total of 2,721,317 shares. Based on an average daily trading volume, of 1,474,857 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Baird Financial Group Inc. grew its holdings in shares of iShares Russell Mid-Cap ETF by 18.8% during the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock valued at $1,176,044,000 after purchasing an additional 1,690,390 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Russell Mid-Cap ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock worth $496,505,000 after purchasing an additional 29,329 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of iShares Russell Mid-Cap ETF by 2.0% in the 1st quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock worth $378,137,000 after purchasing an additional 77,476 shares during the last quarter. Fifth Third Bancorp boosted its position in iShares Russell Mid-Cap ETF by 25.7% during the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after purchasing an additional 521,709 shares during the period. Finally, Glenview Trust Co boosted its position in iShares Russell Mid-Cap ETF by 0.8% during the 3rd quarter. Glenview Trust Co now owns 1,418,745 shares of the company’s stock valued at $151,394,000 after purchasing an additional 10,717 shares during the period. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Trading Down 1.4%

iShares Russell Mid-Cap ETF stock opened at $110.03 on Friday. iShares Russell Mid-Cap ETF has a 52 week low of $91.64 and a 52 week high of $114.97. The stock has a market cap of $57.60 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock has a 50 day moving average of $109.79 and a 200-day moving average of $106.00.

About iShares Russell Mid-Cap ETF

iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.