iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Drop in Short Interest

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,446 shares, a drop of 86.1% from the September 15th total of 46,348 shares. Based on an average daily volume of 444,719 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

iShares Russell Top 200 Value ETF Trading Up 0.6%

iShares Russell Top 200 Value ETF stock traded up $0.62 during trading on Monday, hitting $112.49. 99,694 shares of the company were exchanged, compared to its average volume of 328,376. The business’s 50 day moving average is $111.85 and its 200 day moving average is $105.69. iShares Russell Top 200 Value ETF has a 52 week low of $86.74 and a 52 week high of $113.95. The company has a market capitalization of $3.38 billion, a P/E ratio of 19.39 and a beta of 0.77.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWX. IFP Advisors Inc bought a new position in shares of iShares Russell Top 200 Value ETF in the 2nd quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in iShares Russell Top 200 Value ETF during the first quarter worth about $55,000. Bessemer Group Inc. bought a new position in shares of iShares Russell Top 200 Value ETF during the first quarter valued at approximately $61,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of iShares Russell Top 200 Value ETF in the 3rd quarter worth approximately $85,000. Finally, Sound Income Strategies LLC boosted its position in shares of iShares Russell Top 200 Value ETF by 12.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock worth $105,000 after purchasing an additional 123 shares in the last quarter.

iShares Russell Top 200 Value ETF Company Profile

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.