Short Interest in iShares Russell 1000 Value Index (IWD) Drops By 50.1%

iShares Russell 1000 Value Index (NYSEARCA:IWD) was the target of a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 1,351,918 shares, a drop of 50.1% from the December 15th total of 2,710,257 shares. Based on an average daily trading volume, of 1,714,523 shares, the days-to-cover ratio is currently 0.8 days.

Several large investors have recently made changes to their positions in IWD. Capital Guardian Trust Co. acquired a new position in shares of iShares Russell 1000 Value Index in the 3rd quarter worth approximately $105,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares Russell 1000 Value Index in the 3rd quarter worth approximately $112,000. QCI Asset Management Inc. NY grew its position in shares of iShares Russell 1000 Value Index by 314.0% in the 4th quarter. QCI Asset Management Inc. NY now owns 1,122 shares of the exchange traded fund’s stock worth $140,000 after acquiring an additional 851 shares in the last quarter. Taylor Hoffman Wealth Management acquired a new position in shares of iShares Russell 1000 Value Index in the 4th quarter worth approximately $149,000. Finally, Farmers National Bank grew its position in shares of iShares Russell 1000 Value Index by 26.1% in the 2nd quarter. Farmers National Bank now owns 1,410 shares of the exchange traded fund’s stock worth $164,000 after acquiring an additional 292 shares in the last quarter.

Shares of iShares Russell 1000 Value Index (IWD) traded up $1.18 during trading hours on Thursday, hitting $124.32. The company had a trading volume of 369,720 shares. The stock has a market cap of $37,450.00 and a P/E ratio of 15.09. iShares Russell 1000 Value Index has a 1-year low of $112.39 and a 1-year high of $131.56.

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About iShares Russell 1000 Value Index

iShares Russell 1000 Value ETF (the Fund), formerly iShares Russell 1000 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the large capitalization value sector of the U.S. equity market, as represented by the Russell 1000 Value Index (the Index).

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