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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 115,567 shares, a decline of 38.7% from the July 15th total of 188,598 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 187,138 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quadcap Wealth Management LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 0.9% during the first quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock worth $1,100,000 after acquiring an additional 66 shares during the last quarter. CoreCap Advisors LLC grew its position in iShares S&P Small-Cap 600 Growth ETF by 29.6% during the 2nd quarter. CoreCap Advisors LLC now owns 337 shares of the company’s stock worth $60,000 after purchasing an additional 77 shares during the last quarter. Taylor Financial Group Inc. grew its position in iShares S&P Small-Cap 600 Growth ETF by 0.4% during the 4th quarter. Taylor Financial Group Inc. now owns 17,639 shares of the company’s stock worth $2,490,000 after purchasing an additional 79 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in iShares S&P Small-Cap 600 Growth ETF by 3.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock valued at $352,000 after purchasing an additional 80 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 6.0% during the 1st quarter. NewEdge Wealth LLC now owns 1,560 shares of the company’s stock valued at $226,000 after purchasing an additional 88 shares in the last quarter. 55.81% of the stock is owned by institutional investors and hedge funds.

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

NASDAQ IJT traded down $2.69 on Tuesday, hitting $175.51. The stock had a trading volume of 77,914 shares, compared to its average volume of 146,228. The business’s fifty day moving average price is $173.49 and its 200 day moving average price is $160.73. iShares S&P Small-Cap 600 Growth ETF has a 52-week low of $132.98 and a 52-week high of $179.68. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.2566 per share. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.