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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 145,658 shares, an increase of 131.7% from the September 30th total of 62,866 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 232,635 shares, the short-interest ratio is currently 0.6 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Albion Financial Group UT acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at approximately $26,000. Signaturefd LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter valued at approximately $37,000. Horizons Wealth Management acquired a new stake in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at $43,000. Finally, Angeles Wealth Management LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 70.0% in the 1st quarter. Angeles Wealth Management LLC now owns 340 shares of the company’s stock valued at $49,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 55.81% of the company’s stock.

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

Shares of iShares S&P Small-Cap 600 Growth ETF stock traded down $2.62 during trading hours on Friday, reaching $164.34. The company’s stock had a trading volume of 77,016 shares, compared to its average volume of 167,511. The stock has a market cap of $7.51 billion, a P/E ratio of 20.21 and a beta of 1.05. iShares S&P Small-Cap 600 Growth ETF has a one year low of $132.98 and a one year high of $179.68. The company’s 50 day simple moving average is $164.80 and its 200 day simple moving average is $161.41.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566.

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.