iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Stock Short Interest Declines 55.3%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 51,150 shares, a decline of 55.3% from the August 31st total of 114,541 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 235,146 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IJT. Bank of America Corp DE grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock worth $296,143,000 after acquiring an additional 19,746 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock worth $135,105,000 after purchasing an additional 4,940 shares during the period. Brown Advisory Inc. lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 55.9% during the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock worth $118,031,000 after purchasing an additional 299,807 shares during the period. Royal Bank of Canada grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 339,450 shares of the company’s stock worth $49,121,000 after purchasing an additional 13,190 shares during the last quarter. Finally, Beaumont Financial Advisors LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1.2% in the first quarter. Beaumont Financial Advisors LLC now owns 249,133 shares of the company’s stock worth $36,052,000 after purchasing an additional 3,035 shares during the last quarter. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Trading Down 0.0%

IJT traded down $0.02 on Wednesday, reaching $161.32. The stock had a trading volume of 48,584 shares, compared to its average volume of 157,170. The company has a market capitalization of $7.69 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 fifty-two week low of $132.98 and a fifty-two week high of $179.68. The firm has a 50-day moving average of $170.60 and a 200-day moving average of $164.47.

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

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

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.