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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 93,500 shares, an increase of 139.7% from the October 31st total of 39,000 shares. Based on an average trading volume of 122,200 shares, the days-to-cover ratio is presently 0.8 days.

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

Shares of iShares S&P Small-Cap 600 Growth ETF stock traded up $0.01 during midday trading on Thursday, hitting $149.12. 79,572 shares of the company traded hands, compared to its average volume of 120,728. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 14.69 and a beta of 1.13. The firm’s fifty day moving average price is $140.63 and its 200-day moving average price is $135.24. iShares S&P Small-Cap 600 Growth ETF has a 12 month low of $111.02 and a 12 month high of $152.05.

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

The company also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $0.5237 dividend. The ex-dividend date was Wednesday, September 25th.

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

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in iShares S&P Small-Cap 600 Growth ETF by 0.6% in the third quarter. Franklin Resources Inc. now owns 68,579 shares of the company’s stock valued at $9,599,000 after purchasing an additional 398 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 9.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 27,366 shares of the company’s stock valued at $3,817,000 after buying an additional 2,266 shares in the last quarter. Synovus Financial Corp boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 6.5% in the 3rd quarter. Synovus Financial Corp now owns 3,331 shares of the company’s stock worth $465,000 after purchasing an additional 203 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 0.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 53,268 shares of the company’s stock worth $7,430,000 after purchasing an additional 244 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at about $319,000. Hedge funds and other institutional investors own 55.81% of the company’s stock.

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.