iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Stock Short Interest Falls 39.8%

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

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. raised its holdings in 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 buying an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares Russell Mid-Cap ETF by 0.7% during the second 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 period. AMG National Trust Bank grew its holdings in iShares Russell Mid-Cap ETF by 2.0% during the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after purchasing an additional 77,476 shares during the last quarter. Fifth Third Bancorp grew its holdings in iShares Russell Mid-Cap ETF by 25.7% during the first 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 last quarter. Finally, Glenview Trust Co grew its holdings in iShares Russell Mid-Cap ETF by 0.8% during the third 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 last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

Shares of iShares Russell Mid-Cap ETF stock traded up $0.39 during trading on Tuesday, reaching $110.71. The company had a trading volume of 567,014 shares, compared to its average volume of 2,220,035. The company has a market cap of $57.95 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The firm’s fifty day moving average is $109.72 and its 200-day moving average is $106.05. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.64 and a fifty-two week high of $114.97.

iShares Russell Mid-Cap ETF Company Profile

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.