iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Short Interest Up 23.1% in March

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 107,434 shares, a growth of 23.1% from the February 26th total of 87,259 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 158,278 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Trust bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter worth about $7,465,000. Eclectic Associates Inc. ADV lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 114.0% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 136,206 shares of the company’s stock worth $11,268,000 after purchasing an additional 72,568 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 1.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 623,801 shares of the company’s stock valued at $51,607,000 after purchasing an additional 10,057 shares during the period. Fortitude Financial LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter valued at approximately $13,485,000. Finally, Bouvel Investment Partners LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at approximately $2,537,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 2.0%

IMCG stock traded up $1.51 during midday trading on Tuesday, hitting $77.52. 16,035 shares of the company traded hands, compared to its average volume of 136,091. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $61.65 and a twelve month high of $84.76. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The business has a 50 day simple moving average of $81.87 and a 200-day simple moving average of $81.68.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.