Dallas, Texas 08/01/2013 (Financialstrend) – There had recently been a positive trend which had set in the unit prices of iShares Russell 2000 Index ETF (NYSEARCA:IWM), designed to track the yield and performance of the Russell 2000 Index of the small cap stocks in the market. This positive trend had primarily been attributed to the strength of trading presented by the small cap stocks which underlie the ETF. While the other broader market indices which track the large cap stocks in the market are trading well below the resistance levels established with the high prices in May 2013, this Russell 2000 index of the small cap stocks had already crossed the recent peaks and is further moving higher. So is the exchange traded fund designed to track the index.
The shares of iShares Russell 2000 Index ETF (NYSEARCA:IWM) had recently set a new 52 week high price level with the trading on Tuesday at $104.98 per share and there is no look back for the ETF in the near future. The small cap stocks had moved again to prove their strength to the investors through this recent surge in prices of the stocks and the related ETFs.
iShares Russell 2000 Index ETF (NYSEARCA:IWM) had presented gains of 0.16% with the trading on Wednesday and had thereby closed at $103.67 per share. While the stock opened at $103.91 per share, there had been fluctuations in the intraday prices ranging between $103.62 and $104.68 per share during the day. The 52 week low price for the stock is presently at $76.13 and 52 week high price is at $104.98 per share. There are a total 229.30 million shares in the market valuing to a market cap of $23.77 billion. The stock witnessed around 9.39 million shares being exchanged hands on Wednesday.