Short Interest in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Drops By 58.9%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 21,982 shares, a decrease of 58.9% from the November 30th total of 53,524 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 103,152 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 103,152 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several institutional investors have recently modified their holdings of IMCG. American Trust purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth about $7,465,000. Avior Wealth Management LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 3.6% in the 2nd quarter. Avior Wealth Management LLC now owns 635,237 shares of the company’s stock valued at $50,965,000 after buying an additional 22,204 shares during the period. Eclectic Associates Inc. ADV grew its position in shares of iShares Morningstar Mid-Cap Growth ETF by 114.0% during the third quarter. Eclectic Associates Inc. ADV now owns 136,206 shares of the company’s stock worth $11,268,000 after buying an additional 72,568 shares in the last quarter. Fortitude Financial LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter worth about $13,485,000. Finally, CW Advisors LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter worth approximately $6,102,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA IMCG opened at $81.33 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The firm has a 50 day simple moving average of $81.01 and a 200-day simple moving average of $81.08. iShares Morningstar Mid-Cap Growth ETF has a one year low of $61.65 and a one year high of $83.76.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.