iShares Russell 1000 ETF (NYSEARCA:IWB) Sees Significant Growth in Short Interest

iShares Russell 1000 ETF (NYSEARCA:IWB) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,903,230 shares, an increase of 45.2% from the February 26th total of 1,310,462 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 1,812,640 shares, the days-to-cover ratio is presently 1.0 days.

iShares Russell 1000 ETF Stock Performance

Shares of NYSEARCA IWB traded up $1.01 during mid-day trading on Monday, reaching $348.96. The company had a trading volume of 891,177 shares, compared to its average volume of 1,765,484. iShares Russell 1000 ETF has a one year low of $264.17 and a one year high of $382.34. The firm has a market cap of $43.08 billion, a price-to-earnings ratio of 24.71 and a beta of 1.01. The business’s 50-day simple moving average is $372.25 and its 200 day simple moving average is $371.10.

Hedge Funds Weigh In On iShares Russell 1000 ETF

Hedge funds have recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in iShares Russell 1000 ETF in the fourth quarter valued at approximately $28,000. Capital A Wealth Management LLC bought a new stake in iShares Russell 1000 ETF during the second quarter worth $30,000. Caldwell Trust Co acquired a new stake in shares of iShares Russell 1000 ETF in the 2nd quarter valued at $30,000. Highline Wealth Partners LLC acquired a new stake in shares of iShares Russell 1000 ETF in the 3rd quarter valued at $30,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in iShares Russell 1000 ETF by 75.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 91 shares of the company’s stock valued at $31,000 after buying an additional 39 shares in the last quarter.

About iShares Russell 1000 ETF

iShares Russell 1000 ETF (the Fund), formerly iShares Russell 1000 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 1000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the large-capitalization sector of the United States equity market and includes securities issued by the approximately 1,000 largest issuers in the Russell 3000 Index.