Short Interest in iShares Russell 2500 ETF (BATS:SMMD) Grows By 81.4%

iShares Russell 2500 ETF (BATS:SMMD) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 197,737 shares, an increase of 81.4% from the July 15th total of 108,981 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 241,249 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its stake in iShares Russell 2500 ETF by 14.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock worth $80,000 after buying an additional 140 shares during the last quarter. Little House Capital LLC grew its stake in iShares Russell 2500 ETF by 2.4% during the first quarter. Little House Capital LLC now owns 6,251 shares of the company’s stock worth $477,000 after buying an additional 145 shares during the period. Equitable Holdings Inc. boosted its position in iShares Russell 2500 ETF by 5.1% during the 3rd quarter. Equitable Holdings Inc. now owns 3,754 shares of the company’s stock worth $277,000 after purchasing an additional 183 shares during the period. Angeles Wealth Management LLC grew its stake in shares of iShares Russell 2500 ETF by 150.3% in the first quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 215 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in iShares Russell 2500 ETF by 2.8% in the 1st quarter. Sanctuary Advisors LLC now owns 7,962 shares of the company’s stock worth $608,000 after acquiring an additional 216 shares during the period.

iShares Russell 2500 ETF Stock Performance

SMMD stock opened at $93.31 on Friday. iShares Russell 2500 ETF has a 1 year low of $69.81 and a 1 year high of $93.42. The stock’s 50 day moving average price is $90.22 and its 200 day moving average price is $84.62. The firm has a market cap of $2.00 billion, a P/E ratio of 19.95 and a beta of 1.09.

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.