iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) shares increased

793

Dallas, Texas 08/02/2013 (Financialstrend) – iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) the former iShares Russell 2000 Index Fund is an exchange-traded fund based on the yield performance and the price of the underlying Russell 2000 Index.  This positive mode had been related to the strength of trading which is delivered by the small cap stocks that underlying the ETF. While the various other broader market indices that check the large cap stocks in the market are trading under the resistance levels with the high prices in May 2013, this Russell 2000 index of the small cap stocks had already moved the recent peaks and is further moving greater. The performance of the small-capitalization sector consists of the securities provided by the 2,000 smallest issuers in the Russell 3000 Index. The Fund that spends in a representative sample of securities consisted in the Index has an investment profile related to the Index. The Index is designed to act as a  subset of the Russell 3000 Index, and further reports results as the underlying index for the Russell 2000 Value and Growth Index series. The small cap stocks had shifted to test their strength to the investors via this increase in prices of the stocks and the connected ETFs. Such significant gain in prices of the ETF had attracted huge volume of investors to this small cap stocks based fund in the recent days.

The shares of iShares Russell 2000 Index (ETF) (NYSEARCA: IWM) closed at $105.09 per share on Thursday with trading volume of 7.23 million shares on the day. There had been intraday fluctuations in the stock prices ranging from low of $104.53 to high of $105.34 per share. The stock presently has 52 week low at $76.13 per share and 52 week high price at $105.34 per share. There are 251.90 million shares of the company outstanding in the market with institutional holdings of 106%.

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