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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 66,031 shares, a growth of 72.9% from the May 14th total of 38,183 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 77,245 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock valued at $229,403,000 after buying an additional 2,068,305 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after buying an additional 160,038 shares during the last quarter. Morgan Stanley grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 10.0% during the fourth quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after buying an additional 104,588 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% during the third quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after buying an additional 30,585 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock valued at $74,324,000 after buying an additional 26,636 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA IMCG traded up $2.28 during mid-day trading on Monday, reaching $96.85. 78,740 shares of the company’s stock traded hands, compared to its average volume of 126,303. The stock has a market cap of $3.84 billion, a P/E ratio of 28.77 and a beta of 1.14. The business has a 50-day simple moving average of $88.91 and a 200 day simple moving average of $84.16. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $75.67 and a 1-year high of $97.02.

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.