Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Declines By 42.2%

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

iShares Russell 3000 ETF Stock Performance

Shares of NYSEARCA IWV traded up $5.82 during mid-day trading on Monday, hitting $427.83. The stock had a trading volume of 151,296 shares, compared to its average volume of 284,709. The company has a 50 day moving average of $411.20 and a two-hundred day moving average of $395.53. iShares Russell 3000 ETF has a twelve month low of $336.42 and a twelve month high of $431.32. The firm has a market cap of $19.81 billion, a PE ratio of 25.11 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 3000 ETF

Hedge funds have recently added to or reduced their stakes in the business. Sittner & Nelson LLC purchased a new stake in iShares Russell 3000 ETF in the fourth quarter valued at $25,000. Smithfield Trust Co purchased a new stake in iShares Russell 3000 ETF in the fourth quarter valued at $30,000. RMG Wealth Management LLC purchased a new stake in iShares Russell 3000 ETF in the first quarter valued at $35,000. LRI Investments LLC purchased a new stake in iShares Russell 3000 ETF in the fourth quarter valued at $39,000. Finally, Angeles Wealth Management LLC purchased a new stake in iShares Russell 3000 ETF in the first quarter valued at $44,000.

iShares Russell 3000 ETF Company Profile

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.