iShares Russell 2500 ETF (BATS:SMMD) Shares Shorted: Short Interest Up 605.1% in September

iShares Russell 2500 ETF (BATS:SMMD) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 316,867 shares, a growth of 605.1% from the September 15th total of 44,940 shares. Based on an average daily volume of 654,367 shares, the short-interest ratio is currently 0.5 days. Currently, 1.5% of the shares of the company are short sold.

iShares Russell 2500 ETF Stock Performance

iShares Russell 2500 ETF stock opened at $86.29 on Friday. The stock has a 50-day simple moving average of $89.42 and a 200 day simple moving average of $87.25. The stock has a market capitalization of $1.85 billion, a P/E ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 52 week low of $69.94 and a 52 week high of $93.42.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bill Few Associates Inc. acquired a new stake in iShares Russell 2500 ETF during the 3rd quarter valued at $719,000. Wedmont Private Capital acquired a new position in shares of iShares Russell 2500 ETF in the third quarter valued at $690,000. First Heartland Consultants Inc. bought a new position in shares of iShares Russell 2500 ETF in the third quarter valued at about $300,000. Farther Finance Advisors LLC bought a new position in shares of iShares Russell 2500 ETF in the third quarter valued at about $1,077,000. Finally, Vann Equity Management LLC bought a new position in shares of iShares Russell 2500 ETF in the third quarter valued at about $608,000.

About iShares Russell 2500 ETF

The iShares Russell 2500 ETF (SMMD) is an exchange-traded fund that is based on the Russell 2500 index, a market-cap-weighted index of US companies ranked 501-3,000 by market cap. SMMD was launched on Jul 6, 2017 and is managed by BlackRock.