iShares Russell Top 200 ETF (NYSEARCA:IWL) Short Interest Up 70.7% in May

iShares Russell Top 200 ETF (NYSEARCA:IWL) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 73,862 shares, a growth of 70.7% from the April 30th total of 43,281 shares. Based on an average daily trading volume, of 57,396 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently bought and sold shares of IWL. GeoWealth Management LLC raised its stake in shares of iShares Russell Top 200 ETF by 0.5% during the 3rd quarter. GeoWealth Management LLC now owns 14,295 shares of the company’s stock worth $2,374,000 after acquiring an additional 66 shares in the last quarter. Cozad Asset Management Inc. boosted its stake in iShares Russell Top 200 ETF by 1.0% in the third quarter. Cozad Asset Management Inc. now owns 6,881 shares of the company’s stock valued at $1,143,000 after acquiring an additional 67 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in iShares Russell Top 200 ETF by 3.0% in the fourth quarter. DAVENPORT & Co LLC now owns 2,695 shares of the company’s stock valued at $460,000 after acquiring an additional 78 shares in the last quarter. PKS Advisory Services LLC grew its holdings in iShares Russell Top 200 ETF by 2.0% in the fourth quarter. PKS Advisory Services LLC now owns 4,748 shares of the company’s stock worth $810,000 after purchasing an additional 95 shares during the last quarter. Finally, Jackson Wealth Management LLC grew its holdings in iShares Russell Top 200 ETF by 4.9% in the fourth quarter. Jackson Wealth Management LLC now owns 2,535 shares of the company’s stock worth $433,000 after purchasing an additional 119 shares during the last quarter.

iShares Russell Top 200 ETF Stock Performance

IWL opened at $187.34 on Thursday. The stock’s 50 day moving average price is $175.82 and its 200-day moving average price is $171.83. iShares Russell Top 200 ETF has a one year low of $146.16 and a one year high of $189.18. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01.

About iShares Russell Top 200 ETF

iShares Russell Top 200 ETF (the Fund), formerly iShares Russell Top 200 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 Top 200 Index (the Index). The Index is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the United States equity market. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.