Short Interest in iShares Russell 2000 Growth Index (IWO) Decreases By 36.1%

iShares Russell 2000 Growth Index (NYSEARCA:IWO) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,380,661 shares, a decrease of 36.1% from the November 30th total of 3,724,730 shares. Based on an average trading volume of 986,716 shares, the days-to-cover ratio is presently 2.4 days.

Several institutional investors have recently added to or reduced their stakes in IWO. TIAA FSB purchased a new position in shares of iShares Russell 2000 Growth Index during the 2nd quarter valued at approximately $222,178,000. Goldman Sachs Group Inc. boosted its stake in shares of iShares Russell 2000 Growth Index by 37.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,994,500 shares of the exchange traded fund’s stock valued at $336,612,000 after buying an additional 538,168 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of iShares Russell 2000 Growth Index during the 3rd quarter valued at approximately $44,740,000. TimesSquare Capital Management LLC purchased a new position in shares of iShares Russell 2000 Growth Index during the 2nd quarter valued at approximately $21,096,000. Finally, MML Investors Services LLC purchased a new position in shares of iShares Russell 2000 Growth Index during the 2nd quarter valued at approximately $20,086,000.

iShares Russell 2000 Growth Index (NYSEARCA IWO) opened at $190.25 on Wednesday. The firm has a market capitalization of $9,240.00 and a P/E ratio of 13.78. iShares Russell 2000 Growth Index has a fifty-two week low of $153.54 and a fifty-two week high of $190.88.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were paid a dividend of $0.3974 per share. This is a boost from iShares Russell 2000 Growth Index’s previous quarterly dividend of $0.27. This represents a $1.59 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, December 21st. iShares Russell 2000 Growth Index’s dividend payout ratio is 9.92%.

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iShares Russell 2000 Growth Index Company Profile

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market.

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