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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 188,598 shares, an increase of 171.5% from the June 30th total of 69,460 shares. Based on an average daily trading volume, of 317,942 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

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

NASDAQ IJT traded up $1.15 during trading hours on Monday, hitting $172.61. The company’s stock had a trading volume of 360,971 shares, compared to its average volume of 144,196. The company’s 50 day simple moving average is $169.17 and its two-hundred day simple moving average is $157.74. iShares S&P Small-Cap 600 Growth ETF has a 12 month low of $129.88 and a 12 month high of $179.65. The company has a market cap of $8.28 billion, a P/E ratio of 20.21 and a beta of 1.04.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.2566 dividend. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 15th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.6%.

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

Hedge funds have recently bought and sold shares of the company. Signature Resources Capital Management LLC boosted its position in iShares S&P Small-Cap 600 Growth ETF by 18,800.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 285.2% during the 4th quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after purchasing an additional 154 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 102.4% during the 4th quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 4th quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 55.81% of the company’s stock.

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.