iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Significant Decrease in Short Interest

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 64,182 shares, a decline of 44.9% from the April 15th total of 116,577 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 150,835 shares, the short-interest ratio is currently 0.4 days.

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

IJT stock traded down $2.94 during midday trading on Friday, hitting $158.51. 142,080 shares of the company’s stock were exchanged, compared to its average volume of 119,008. The stock’s fifty day moving average price is $152.31 and its 200-day moving average price is $148.06. The company has a market cap of $7.18 billion, a PE ratio of 20.21 and a beta of 1.07. iShares S&P Small-Cap 600 Growth ETF has a one year low of $125.24 and a one year high of $164.85.

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

The firm also recently announced 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 0.6%.

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

A number of institutional investors have recently modified their holdings of the company. Quadcap Wealth Management LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.9% during the first quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock worth $1,100,000 after buying an additional 66 shares during the period. Essex Financial Services Inc. boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 1.0% during the third quarter. Essex Financial Services Inc. now owns 7,237 shares of the company’s stock worth $1,024,000 after buying an additional 72 shares during the period. Taylor Financial Group Inc. boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.4% during the fourth quarter. Taylor Financial Group Inc. now owns 17,639 shares of the company’s stock worth $2,490,000 after buying an additional 79 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 3.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock worth $352,000 after buying an additional 80 shares during the period. Finally, Capital Investment Counsel LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 5.1% during the third quarter. Capital Investment Counsel LLC now owns 1,816 shares of the company’s stock worth $257,000 after buying an additional 88 shares during the period. 55.81% of the stock is currently owned by institutional investors.

About iShares S&P Small-Cap 600 Growth ETF

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.