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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 76,184 shares, a drop of 34.1% from the July 30th total of 115,567 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 208,424 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Serenity Investment Advisors raised its stake in iShares S&P Small-Cap 600 Growth ETF by 5.4% during the second quarter. Serenity Investment Advisors now owns 17,364 shares of the company’s stock valued at $3,001,000 after buying an additional 884 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 40.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,392 shares of the company’s stock valued at $606,000 after purchasing an additional 985 shares in the last quarter. HB Wealth Management LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.6% during the second quarter. HB Wealth Management LLC now owns 30,438 shares of the company’s stock valued at $5,436,000 after acquiring an additional 184 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 86.8% in the 2nd quarter. Angeles Wealth Management LLC now owns 635 shares of the company’s stock worth $113,000 after acquiring an additional 295 shares during the last quarter. Finally, Tenet Wealth Partners LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter valued at approximately $529,000. Institutional investors own 55.81% of the company’s stock.

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

IJT stock traded down $1.97 on Tuesday, reaching $167.68. The company’s stock had a trading volume of 147,298 shares, compared to its average volume of 152,479. The firm has a market cap of $7.98 billion, a PE ratio of 20.21 and a beta of 1.04. The business has a fifty day simple moving average of $174.45 and a two-hundred day simple moving average of $162.35. iShares S&P Small-Cap 600 Growth ETF has a 12-month low of $132.98 and a 12-month high of $179.68.

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

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

About iShares S&P Small-Cap 600 Growth ETF

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.