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) was the recipient of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 187,138 shares, the days-to-cover ratio is currently 0.6 days.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.4%

Shares of IJT stock traded up $0.71 during trading hours on Wednesday, reaching $175.86. 45,742 shares of the stock were exchanged, compared to its average volume of 145,673. The firm has a market capitalization of $8.37 billion, a price-to-earnings 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. The company’s 50-day moving average price is $173.71 and its 200-day moving average price is $160.92.

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

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

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. grew its position in iShares S&P Small-Cap 600 Growth ETF by 102.4% in the 4th quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 130 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth $36,000. Ashton Thomas Securities LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the first quarter valued at $37,000. Biltmore Family Office LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter valued at $40,000. Finally, Motiv8 Investments LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the fourth quarter worth about $41,000. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

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

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.