Short Interest in iShares Russell 3000 ETF (NYSEARCA:IWV) Rises By 129.2%

iShares Russell 3000 ETF (NYSEARCA:IWV) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 315,283 shares, a growth of 129.2% from the July 30th total of 137,587 shares. Based on an average daily trading volume, of 185,983 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the shares of the company are sold short.

iShares Russell 3000 ETF Stock Performance

Shares of IWV stock traded down $1.69 on Friday, hitting $437.51. The company’s stock had a trading volume of 101,066 shares, compared to its average volume of 251,313. iShares Russell 3000 ETF has a fifty-two week low of $358.55 and a fifty-two week high of $443.90. The company has a market capitalization of $20.21 billion, a PE ratio of 25.11 and a beta of 1.01. The stock’s 50 day moving average is $429.51 and its 200-day moving average is $410.14.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IWV. SCS Capital Management LLC grew its position in iShares Russell 3000 ETF by 0.4% during the fourth quarter. SCS Capital Management LLC now owns 1,874,800 shares of the company’s stock worth $725,266,000 after buying an additional 8,384 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of iShares Russell 3000 ETF by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,115 shares of the company’s stock worth $591,538,000 after purchasing an additional 86,391 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Russell 3000 ETF by 11.4% during the 1st quarter. Bank of America Corp DE now owns 923,534 shares of the company’s stock worth $342,336,000 after purchasing an additional 94,283 shares in the last quarter. UNC Management Company Inc. increased its position in shares of iShares Russell 3000 ETF by 0.3% in the second quarter. UNC Management Company Inc. now owns 578,635 shares of the company’s stock worth $203,101,000 after purchasing an additional 1,506 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of iShares Russell 3000 ETF by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 450,539 shares of the company’s stock worth $158,217,000 after purchasing an additional 61,982 shares during the period.

About iShares Russell 3000 ETF

iShares Russell 3000 ETF, formerly iShares Russell 3000 Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States equity market, as represented by the Russell 3000 Index (the Index). It serves as the underlying index for Russell 3000 Growth and Value series and the Russell 1000 and Russell 2000 Indexes, as well as their respective Growth and Value series. The Fund invests in sectors, such as technology, financial services, consumer discretionary, healthcare, producer durables, energy, consumer staples, utilities, materials & processing and S-T Securities.