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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 105,131 shares, a decrease of 66.0% from the June 30th total of 309,206 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 548,168 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clark Capital Management Group Inc. acquired a new stake in iShares Russell Top 200 Value ETF in the 4th quarter worth about $66,327,000. LPL Financial LLC increased its stake in iShares Russell Top 200 Value ETF by 654.7% during the 4th quarter. LPL Financial LLC now owns 640,842 shares of the company’s stock worth $58,868,000 after buying an additional 555,928 shares in the last quarter. Align Financial LLC acquired a new position in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $42,834,000. Orion Porfolio Solutions LLC acquired a new position in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $33,250,000. Finally, RTD Financial Advisors Inc. acquired a new position in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $22,263,000.

iShares Russell Top 200 Value ETF Trading Up 0.8%

Shares of IWX opened at $108.28 on Friday. iShares Russell Top 200 Value ETF has a 12 month low of $82.78 and a 12 month high of $109.16. The stock’s 50 day moving average is $105.45 and its two-hundred day moving average is $99.43. The firm has a market cap of $4.04 billion, a P/E ratio of 19.39 and a beta of 0.77.

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.