iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Short Interest Down 26.8% in March

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 129,027 shares, a drop of 26.8% from the February 26th total of 176,258 shares. Based on an average daily trading volume, of 594,863 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Russell Top 200 Growth ETF

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of iShares Russell Top 200 Growth ETF by 32.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,180,008 shares of the company’s stock worth $869,831,000 after purchasing an additional 771,024 shares during the period. Bank of America Corp DE grew its position in iShares Russell Top 200 Growth ETF by 0.9% during the second quarter. Bank of America Corp DE now owns 2,209,077 shares of the company’s stock valued at $544,560,000 after buying an additional 19,978 shares during the period. Mariner LLC increased its holdings in iShares Russell Top 200 Growth ETF by 0.4% in the fourth quarter. Mariner LLC now owns 1,466,054 shares of the company’s stock valued at $406,010,000 after buying an additional 5,299 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Russell Top 200 Growth ETF by 231.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,327,228 shares of the company’s stock valued at $363,196,000 after buying an additional 926,618 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of iShares Russell Top 200 Growth ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 1,322,246 shares of the company’s stock worth $366,183,000 after acquiring an additional 15,710 shares during the period.

iShares Russell Top 200 Growth ETF Price Performance

NYSEARCA:IWY opened at $239.90 on Tuesday. The company’s fifty day moving average price is $262.64 and its 200-day moving average price is $271.40. iShares Russell Top 200 Growth ETF has a 1-year low of $180.65 and a 1-year high of $288.99. The firm has a market capitalization of $14.19 billion, a P/E ratio of 35.13 and a beta of 1.12.

iShares Russell Top 200 Growth ETF Company Profile

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.