iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Short Interest Up 699.8% in June

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 309,206 shares, an increase of 699.8% from the June 15th total of 38,659 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 542,894 shares, the days-to-cover ratio is currently 0.6 days.

iShares Russell Top 200 Value ETF Price Performance

IWX stock traded up $0.16 during mid-day trading on Friday, reaching $107.67. 649,421 shares of the company traded hands, compared to its average volume of 285,385. The company has a fifty day moving average price of $104.17 and a 200-day moving average price of $98.33. iShares Russell Top 200 Value ETF has a 52-week low of $82.78 and a 52-week high of $108.72. The company has a market capitalization of $3.83 billion, a P/E ratio of 19.39 and a beta of 0.77.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Clark Capital Management Group Inc. bought a new stake in shares of iShares Russell Top 200 Value ETF in the fourth quarter worth about $66,327,000. LPL Financial LLC lifted its holdings in iShares Russell Top 200 Value ETF by 654.7% in 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 during the period. Align Financial LLC purchased a new stake in iShares Russell Top 200 Value ETF in the 4th quarter worth approximately $42,834,000. Orion Porfolio Solutions LLC bought a new stake in shares of iShares Russell Top 200 Value ETF in the 4th quarter worth approximately $33,250,000. Finally, RTD Financial Advisors Inc. bought a new stake in shares of iShares Russell Top 200 Value ETF in the 4th quarter worth approximately $22,263,000.

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.