iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Large Decline in Short Interest

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 159,504 shares, a decline of 41.3% from the June 30th total of 271,772 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 348,777 shares, the days-to-cover ratio is currently 0.5 days.

iShares S&P Small-Cap 600 Value ETF Trading Up 0.1%

Shares of NYSEARCA IJS opened at $135.96 on Friday. The stock has a market cap of $8.14 billion, a PE ratio of 13.92 and a beta of 0.99. iShares S&P Small-Cap 600 Value ETF has a 12-month low of $97.90 and a 12-month high of $138.60. The company has a 50-day moving average of $134.21 and a 200 day moving average of $126.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sunesis Advisors LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the second quarter valued at approximately $201,000. City Holding Co. boosted its stake in iShares S&P Small-Cap 600 Value ETF by 5.3% during the second quarter. City Holding Co. now owns 15,395 shares of the company’s stock worth $2,104,000 after buying an additional 770 shares during the last quarter. Sapient Capital LLC boosted its stake in iShares S&P Small-Cap 600 Value ETF by 4.1% during the second quarter. Sapient Capital LLC now owns 47,818 shares of the company’s stock worth $6,536,000 after buying an additional 1,892 shares during the last quarter. Tactive Advisors LLC grew its holdings in iShares S&P Small-Cap 600 Value ETF by 54.5% in the 2nd quarter. Tactive Advisors LLC now owns 5,342 shares of the company’s stock valued at $730,000 after buying an additional 1,884 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its holdings in iShares S&P Small-Cap 600 Value ETF by 6.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 65,132 shares of the company’s stock valued at $8,902,000 after buying an additional 4,202 shares in the last quarter. 71.86% of the stock is currently owned by institutional investors and hedge funds.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.