iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Short Interest Update

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 74,004 shares, a drop of 31.1% from the March 15th total of 107,434 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 165,907 shares, the short-interest ratio is currently 0.4 days.

iShares Morningstar Mid-Cap Growth ETF Trading Up 2.0%

Shares of NYSEARCA:IMCG opened at $84.66 on Tuesday. The company has a 50 day moving average of $81.57 and a 200-day moving average of $81.62. The firm has a market cap of $3.34 billion, a P/E ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $65.78 and a twelve month high of $84.76.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMCG. World Investment Advisors acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at $713,000. Monetary Solutions Ltd acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $322,000. Axxcess Wealth Management LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 3.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 17,996 shares of the company’s stock worth $1,437,000 after acquiring an additional 578 shares in the last quarter. NewEdge Advisors LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 0.6% in the fourth quarter. NewEdge Advisors LLC now owns 66,430 shares of the company’s stock worth $5,304,000 after acquiring an additional 414 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $558,000.

About iShares Morningstar Mid-Cap Growth ETF

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.