Short Interest in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Rises By 301.1%
by Amy Steele · The Cerbat GemiShares Russell 1000 Growth ETF (NYSEARCA:IWF – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 6,264,474 shares, a growth of 301.1% from the April 15th total of 1,561,909 shares. Based on an average trading volume of 4,899,235 shares, the short-interest ratio is currently 1.3 days. Approximately 0.6% of the company’s stock are short sold.
iShares Russell 1000 Growth ETF Price Performance
NYSEARCA:IWF traded down $1.52 during mid-day trading on Friday, hitting $124.37. 7,496,643 shares of the company’s stock were exchanged, compared to its average volume of 10,892,172. iShares Russell 1000 Growth ETF has a one year low of $97.07 and a one year high of $126.04. The business has a fifty day moving average price of $114.18 and a 200 day moving average price of $116.16. The company has a market cap of $129.89 billion, a PE ratio of 33.43 and a beta of 1.16.
Institutional Investors Weigh In On iShares Russell 1000 Growth ETF
Several hedge funds have recently bought and sold shares of the business. Flagship Private Wealth LLC raised its holdings in iShares Russell 1000 Growth ETF by 0.8% in the third quarter. Flagship Private Wealth LLC now owns 2,747 shares of the exchange traded fund’s stock worth $1,287,000 after buying an additional 21 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of iShares Russell 1000 Growth ETF by 0.5% during the third quarter. KCM Investment Advisors LLC now owns 4,104 shares of the exchange traded fund’s stock valued at $1,922,000 after purchasing an additional 22 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of iShares Russell 1000 Growth ETF by 0.4% during the fourth quarter. Principal Securities Inc. now owns 5,159 shares of the exchange traded fund’s stock valued at $2,442,000 after purchasing an additional 22 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.1% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,078 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 23 shares during the last quarter. Finally, Marks Group Wealth Management Inc raised its holdings in shares of iShares Russell 1000 Growth ETF by 2.1% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,123 shares of the exchange traded fund’s stock valued at $532,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 75.33% of the company’s stock.
About iShares Russell 1000 Growth ETF
iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.