iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Short Interest Down 38.7% in July

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 115,567 shares, a drop of 38.7% from the July 15th total of 188,598 shares. Based on an average daily trading volume, of 187,138 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

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

IJT stock opened at $175.12 on Thursday. The firm’s fifty day simple moving average is $173.96 and its 200-day simple moving average is $161.10. The company has a market capitalization of $8.34 billion, a P/E ratio of 20.21 and a beta of 1.04. iShares S&P Small-Cap 600 Growth ETF has a 12 month low of $132.98 and a 12 month high of $179.68.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.2566 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of iShares S&P Small-Cap 600 Growth ETF

Hedge funds have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its stake in iShares S&P Small-Cap 600 Growth ETF by 4.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 138,390 shares of the company’s stock valued at $19,535,000 after acquiring an additional 5,939 shares during the period. Sanctuary Advisors LLC increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 18.4% in the 4th quarter. Sanctuary Advisors LLC now owns 39,123 shares of the company’s stock worth $5,523,000 after acquiring an additional 6,079 shares in the last quarter. Hyundai Investments Co. Ltd. acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth $839,000. Keenan LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth $1,374,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 832,893 shares of the company’s stock valued at $117,571,000 after purchasing an additional 14,797 shares in the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P Small-Cap 600 Growth ETF

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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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