iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Significant Growth in Short Interest

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 58,799 shares, an increase of 162.5% from the February 12th total of 22,401 shares. Based on an average trading volume of 143,031 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 143,031 shares, the short-interest ratio is currently 0.4 days.

iShares S&P Mid-Cap 400 Growth ETF Price Performance

Shares of NYSEARCA IJK traded down $0.23 during midday trading on Wednesday, hitting $102.78. The stock had a trading volume of 186,488 shares, compared to its average volume of 222,613. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $71.69 and a fifty-two week high of $108.21. The firm has a market cap of $9.57 billion, a P/E ratio of 22.45 and a beta of 1.08. The company’s 50-day simple moving average is $103.19 and its 200 day simple moving average is $98.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.8% during the fourth quarter. Morgan Stanley now owns 7,220,033 shares of the company’s stock worth $699,477,000 after buying an additional 53,813 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 3.6% in the second quarter. Bank of America Corp DE now owns 3,797,381 shares of the company’s stock valued at $345,486,000 after acquiring an additional 130,606 shares during the last quarter. UBS Group AG raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.4% during the 4th quarter. UBS Group AG now owns 2,179,822 shares of the company’s stock valued at $211,181,000 after acquiring an additional 30,546 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,823,064 shares of the company’s stock valued at $174,814,000 after acquiring an additional 65,515 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,215,536 shares of the company’s stock valued at $110,590,000 after purchasing an additional 65,914 shares during the period. 67.99% of the stock is currently owned by institutional investors and hedge funds.

iShares S&P Mid-Cap 400 Growth ETF Company Profile

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 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.