iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Significant Decline in Short Interest

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 141,009 shares, a decline of 20.7% from the December 15th total of 177,801 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 253,524 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 253,524 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of iShares Russell Top 200 Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in iShares Russell Top 200 Growth ETF by 231.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,327,228 shares of the company’s stock worth $363,196,000 after buying an additional 926,618 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Russell Top 200 Growth ETF by 32.0% during the third quarter. Ameriprise Financial Inc. now owns 3,180,008 shares of the company’s stock worth $869,831,000 after acquiring an additional 771,024 shares during the last quarter. Boulay Financial Advisors LLC acquired a new position in shares of iShares Russell Top 200 Growth ETF in the 2nd quarter valued at $144,523,000. SVB Wealth LLC acquired a new position in shares of iShares Russell Top 200 Growth ETF in the 2nd quarter valued at $79,526,000. Finally, First Citizens Investor Services Inc. purchased a new stake in iShares Russell Top 200 Growth ETF in the 3rd quarter valued at $75,446,000.

iShares Russell Top 200 Growth ETF Price Performance

NYSEARCA IWY opened at $274.02 on Tuesday. The firm’s fifty day moving average price is $276.63 and its 200 day moving average price is $269.06. iShares Russell Top 200 Growth ETF has a 12 month low of $180.65 and a 12 month high of $288.99. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 35.13 and a beta of 1.12.

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.