iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Stock Short Interest Falls 53.0%

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 91,760 shares, a decrease of 53.0% from the September 30th total of 195,150 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 321,090 shares, the days-to-cover ratio is currently 0.3 days.

iShares Russell Top 200 Growth ETF Price Performance

Shares of IWY stock traded down $8.40 during trading hours on Friday, reaching $276.80. 258,297 shares of the company traded hands, compared to its average volume of 437,345. The firm has a 50-day moving average price of $290.31 and a 200 day moving average price of $279.59. The company has a market cap of $15.06 billion, a P/E ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a 12-month low of $238.75 and a 12-month high of $305.24.

Institutional Trading of iShares Russell Top 200 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IWY. First Citizens Bank & Trust Co. purchased a new stake in shares of iShares Russell Top 200 Growth ETF during the third quarter worth about $508,480,000. Bank of America Corp DE raised its position in shares of iShares Russell Top 200 Growth ETF by 58.6% in the 1st quarter. Bank of America Corp DE now owns 3,357,374 shares of the company’s stock valued at $835,449,000 after purchasing an additional 1,240,884 shares during the last quarter. Baer Investment Advisory LLC purchased a new position in shares of iShares Russell Top 200 Growth ETF in the 1st quarter valued at approximately $115,113,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of iShares Russell Top 200 Growth ETF in the 3rd quarter valued at approximately $36,554,000. Finally, Prosperity Consulting Group LLC grew its position in iShares Russell Top 200 Growth ETF by 45.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 292,068 shares of the company’s stock worth $72,678,000 after purchasing an additional 91,472 shares during the last quarter.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.