iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Short Interest Update

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJTGet Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 116,577 shares, an increase of 19.5% from the March 31st total of 97,583 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 118,565 shares, the days-to-cover ratio is currently 1.0 days.

iShares S&P Small-Cap 600 Growth ETF Price Performance

NASDAQ IJT traded up $0.54 during trading hours on Friday, reaching $162.03. The company’s stock had a trading volume of 91,674 shares, compared to its average volume of 115,759. The firm has a fifty day simple moving average of $150.58 and a 200-day simple moving average of $146.73. The stock has a market cap of $7.34 billion, a P/E ratio of 20.21 and a beta of 1.07. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $122.60 and a 52 week high of $162.46.

iShares S&P Small-Cap 600 Growth ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 annualized dividend and a yield of 0.5%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Associated Banc Corp raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 9.4% during the 1st quarter. Associated Banc Corp now owns 21,717 shares of the company’s stock worth $3,143,000 after purchasing an additional 1,865 shares during the last quarter. Valmark Advisers Inc. raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 7.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,638 shares of the company’s stock worth $237,000 after purchasing an additional 120 shares during the last quarter. Capital Squared Financial LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 5.9% during the 1st quarter. Capital Squared Financial LLC now owns 14,681 shares of the company’s stock worth $2,125,000 after purchasing an additional 822 shares during the last quarter. Midwest Trust Co raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 11.1% during the 1st quarter. Midwest Trust Co now owns 8,649 shares of the company’s stock worth $1,252,000 after purchasing an additional 864 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 50.7% during the 1st quarter. Fifth Third Bancorp now owns 89,108 shares of the company’s stock worth $12,895,000 after purchasing an additional 29,983 shares during the last quarter. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Company Profile

(Get Free Report)

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest growth characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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