iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sees Significant Decline in Short Interest

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 158,072 shares, a decrease of 38.0% from the August 15th total of 254,986 shares. Based on an average trading volume of 287,026 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

iShares Russell Mid-Cap Value ETF Price Performance

Shares of NYSEARCA IWS traded down $0.98 during mid-day trading on Friday, hitting $164.23. The company had a trading volume of 126,811 shares, compared to its average volume of 465,670. The company has a market capitalization of $15.31 billion, a PE ratio of 19.11 and a beta of 0.95. The business’s 50-day simple moving average is $168.78 and its 200 day simple moving average is $160.32. iShares Russell Mid-Cap Value ETF has a 1-year low of $133.74 and a 1-year high of $173.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Value ETF in the 2nd quarter valued at $27,000. Signature Resources Capital Management LLC lifted its holdings in shares of iShares Russell Mid-Cap Value ETF by 116.5% in the 1st quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 92 shares during the last quarter. Abound Wealth Management boosted its position in shares of iShares Russell Mid-Cap Value ETF by 135.3% in the 2nd quarter. Abound Wealth Management now owns 240 shares of the company’s stock valued at $40,000 after purchasing an additional 138 shares during the period. Basecamp Wealth Advisors LLC purchased a new position in iShares Russell Mid-Cap Value ETF during the 1st quarter worth approximately $44,000. Finally, Motiv8 Investments LLC acquired a new position in iShares Russell Mid-Cap Value ETF during the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

About iShares Russell Mid-Cap Value ETF

iShares Russell Mid-Cap Value ETF (the Fund), formerly iShares Russell Midcap Value 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 Midcap Value Index (the Value Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.