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 significant drop in short interest in October. As of October 15th, there was short interest totaling 91,760 shares, a drop of 53.0% from the September 30th total of 195,150 shares. Based on an average daily trading volume, of 321,090 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

iShares Russell Top 200 Growth ETF Price Performance

Shares of IWY traded down $8.40 during trading hours on Friday, hitting $276.80. The stock had a trading volume of 258,297 shares, compared to its average volume of 437,345. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a 52 week low of $238.75 and a 52 week high of $305.24. The company’s fifty day moving average is $290.47 and its two-hundred day moving average is $279.60.

Institutional Trading of iShares Russell Top 200 Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in IWY. Bank of America Corp DE grew its position in iShares Russell Top 200 Growth ETF by 58.6% during the 1st quarter. Bank of America Corp DE now owns 3,357,374 shares of the company’s stock worth $835,449,000 after purchasing an additional 1,240,884 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of iShares Russell Top 200 Growth ETF during the 3rd quarter worth approximately $508,480,000. Victory Financial Group LLC raised its holdings in shares of iShares Russell Top 200 Growth ETF by 3.2% in the third quarter. Victory Financial Group LLC now owns 467,852 shares of the company’s stock worth $137,974,000 after acquiring an additional 14,568 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in shares of iShares Russell Top 200 Growth ETF during the 1st quarter worth $115,113,000. Finally, Cetera Investment Advisers boosted its position in shares of iShares Russell Top 200 Growth ETF by 4.4% in the first quarter. Cetera Investment Advisers now owns 373,839 shares of the company’s stock worth $93,026,000 after buying an additional 15,813 shares during the period.

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.