iShares Russell 3000 ETF (NYSEARCA:IWV) Sees Significant Drop in Short Interest

iShares Russell 3000 ETF (NYSEARCA:IWV) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 180,299 shares, a decline of 42.2% from the May 14th total of 311,968 shares. Based on an average trading volume of 390,015 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Russell 3000 ETF

Several large investors have recently added to or reduced their stakes in IWV. McGlone Suttner Wealth Management Inc. bought a new position in iShares Russell 3000 ETF in the fourth quarter worth approximately $2,001,000. Tudor Investment Corp ET AL grew its stake in iShares Russell 3000 ETF by 340.3% in the third quarter. Tudor Investment Corp ET AL now owns 2,646 shares of the company’s stock worth $1,003,000 after purchasing an additional 2,045 shares in the last quarter. Apella Capital LLC grew its stake in iShares Russell 3000 ETF by 328.6% in the fourth quarter. Apella Capital LLC now owns 26,542 shares of the company’s stock worth $10,268,000 after purchasing an additional 20,350 shares in the last quarter. Annex Advisory Services LLC bought a new position in iShares Russell 3000 ETF in the fourth quarter worth approximately $780,000. Finally, PNC Financial Services Group Inc. grew its stake in iShares Russell 3000 ETF by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 349,410 shares of the company’s stock worth $132,405,000 after purchasing an additional 1,694 shares in the last quarter.

iShares Russell 3000 ETF Stock Down 0.5%

NYSEARCA IWV traded down $2.25 during trading hours on Tuesday, hitting $425.58. 169,648 shares of the company were exchanged, compared to its average volume of 283,700. The stock has a 50-day moving average price of $412.23 and a 200 day moving average price of $395.81. iShares Russell 3000 ETF has a 52 week low of $336.42 and a 52 week high of $431.32. The stock has a market cap of $19.70 billion, a PE ratio of 25.11 and a beta of 1.01.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.