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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 39,600 shares, a growth of 44.5% from the January 15th total of 27,400 shares. Based on an average daily trading volume, of 148,400 shares, the days-to-cover ratio is currently 0.3 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of IJT. Atala Financial Inc acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth $27,000. Palouse Capital Management Inc. acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter valued at about $31,000. Legacy Bridge LLC raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 73.5% during the third quarter. Legacy Bridge LLC now owns 236 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Ashton Thomas Securities LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF in the third quarter worth approximately $36,000. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 105.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 261 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Stock Down 0.2 %

Shares of NASDAQ IJT traded down $0.31 during mid-day trading on Friday, reaching $139.36. 93,008 shares of the company were exchanged, compared to its average volume of 113,197. The stock has a market capitalization of $6.62 billion, a P/E ratio of 14.69 and a beta of 1.13. iShares S&P Small-Cap 600 Growth ETF has a twelve month low of $121.20 and a twelve month high of $152.05. The company’s 50-day simple moving average is $139.31 and its 200-day simple moving average is $138.98.

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

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.3508 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.