iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) shares rose significantly


Dallas, Texas 07/15/2013 (Financialstrend) – The major indices of the stock exchange such as the Dow Jones, S&P 500 and NASDAQ rose significantly for the weekend, each soaring by 1.0%, in addition to closing at the intraday high levels. It was further observed that the total volume of trading activity in the exchanges was around 37% higher than the levels of previous days. The recent market action has another positive element to add on to these numbers – the relative strength that is recently observed in small cap stocks. The Russell 2000 index designed to track the performance of the small cap stocks rallied in a bullish trend to beat down the recent peaks touched by the index.

This increase in values of the index is effectively reflected in the price chart of the exchange traded fund designed to track the performance of portfolio of the index, the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM). There has been observed an increase in the money flow from institutional investors to the small cap stocks which further indicates an increasing demand for higher risk in the investor portfolios.

iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) shares currently trading at $103.36, up by 0.66%. During the day, the stock is fluctuating between a low intraday price of $102.85 and a high intraday price of $103.44 per share. The stock currently has a 52-week low of $76.13 and a 52-week high of $103.11 per share. iShares Russell currently has a market cap of $23.70 billion with around 229.30 million outstanding shares in the market and institutional ownership of 116 percent of its total equity capital. The stock witnessed active trading in around 6.94 million shares on Friday.

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