Dallas, Texas 02/10/2014 (FINANCIALSTRENDS) –The iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) opened on $109.50 and went as high as $110.83. The net assets under this ETF fund is around $25.41 billion and the last trading session saw a volume of about 52,626,463. However ishares Russell 2000 index average volume are 37,463,900. Its 52 week high is around $117.37 and its 52 week low is around 88.79. The recent analysis about ishares Russell 2000 Index (ETF) also point out that it is already trading above its resistance and this is considered as a very positive point.
This positive sentiment resulted into making this index as one of the most top performing indexes in 2013. Most of the broad market and sector indexes are outperformed by ishares Russell 2000 Index (ETF).
An overview of the ishares Russell 2000 Index (ETF)
The best part about ishares Russell 2000 Index (ETF) is that it has witnessed a whooping rise of 38.69% in the year 2013 and there are many investment and trading analysts who are quite bullish about this ETF for the year 2014 also. There are few who have missed the bus and are now asking about hopping on to this profitable bus to reap some rewards. For them also ishares Russell 2000 Index (ETF) is perfect and from here on a clear cut increase of 10 to 17 percent is still possible.
In fact the rally that happened from November 2012 to June 2013 was very steep and now it seems that it might climb down a little bit and that is going to be perfect time to enter into ishares Russell 2000 Index (ETF).The chart of ishares Russell 2000 Index (ETF) looks similar to R2K Index that once climbed very high and later came down to the same level so that they can recover later with excellent gains.