iShares S&P 500 Growth ETF (NYSEARCA:IVW) Short Interest Down 42.1% in May

iShares S&P 500 Growth ETF (NYSEARCA:IVW) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,286,886 shares, a decrease of 42.1% from the April 30th total of 2,223,081 shares. Based on an average trading volume of 2,053,008 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW remained flat at $141.59 on Tuesday. 2,616,079 shares of the company’s stock traded hands, compared to its average volume of 4,205,357. iShares S&P 500 Growth ETF has a 12-month low of $102.92 and a 12-month high of $141.98. The company has a market cap of $76.73 billion, a PE ratio of 33.33 and a beta of 1.17. The stock’s fifty day moving average is $127.21 and its 200 day moving average is $123.77.

Hedge Funds Weigh In On iShares S&P 500 Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Atria Investments Inc grew its stake in shares of iShares S&P 500 Growth ETF by 4.6% in the third quarter. Atria Investments Inc now owns 457,419 shares of the company’s stock valued at $55,220,000 after acquiring an additional 19,917 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of iShares S&P 500 Growth ETF by 5.7% during the 4th quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock worth $29,233,000 after acquiring an additional 12,778 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of iShares S&P 500 Growth ETF by 40.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 97,539 shares of the company’s stock worth $11,775,000 after acquiring an additional 28,137 shares in the last quarter. Capital Advantage Inc. increased its stake in iShares S&P 500 Growth ETF by 40.9% in the fourth quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock valued at $3,143,000 after acquiring an additional 7,396 shares during the last quarter. Finally, Embree Financial Group raised its position in iShares S&P 500 Growth ETF by 61.2% during the fourth quarter. Embree Financial Group now owns 61,699 shares of the company’s stock valued at $7,605,000 after purchasing an additional 23,416 shares in the last quarter.

About iShares S&P 500 Growth ETF

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.