iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Significant Drop in Short Interest

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,378,552 shares, a decline of 18.2% from the February 26th total of 2,907,302 shares. Based on an average trading volume of 4,434,895 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

iShares Russell Mid-Cap ETF Stock Up 2.6%

IWR stock opened at $97.23 on Wednesday. iShares Russell Mid-Cap ETF has a twelve month low of $73.17 and a twelve month high of $103.53. The company has a market cap of $46.50 billion, a P/E ratio of 21.00 and a beta of 1.06. The business’s fifty day moving average is $99.98 and its 200-day moving average is $97.85.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in iShares Russell Mid-Cap ETF during the third quarter valued at approximately $32,000. Reflection Asset Management acquired a new position in iShares Russell Mid-Cap ETF during the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its stake in iShares Russell Mid-Cap ETF by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock valued at $39,000 after purchasing an additional 263 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new stake in iShares Russell Mid-Cap ETF in the fourth quarter valued at approximately $41,000. Institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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.