iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Stock Short Interest Declines 56.0%

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 83,518 shares, a decline of 56.0% from the August 31st total of 189,751 shares. Based on an average trading volume of 358,758 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Value ETF

Institutional investors have recently modified their holdings of the company. USA Financial Formulas bought a new stake in iShares S&P Small-Cap 600 Value ETF in the 1st quarter worth approximately $109,900,000. Royal Bank of Canada grew its position in iShares S&P Small-Cap 600 Value ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 550,910 shares of the company’s stock valued at $65,254,000 after acquiring an additional 33,430 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 11,921.0% during the first quarter. Modern Wealth Management LLC now owns 411,838 shares of the company’s stock worth $48,873,000 after acquiring an additional 408,412 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 0.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,223 shares of the company’s stock worth $43,466,000 after acquiring an additional 1,735 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 14.0% during the first quarter. World Investment Advisors now owns 342,789 shares of the company’s stock worth $40,603,000 after acquiring an additional 42,188 shares in the last quarter. 71.86% of the stock is currently owned by institutional investors.

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

NYSEARCA IJS traded down $1.01 during trading hours on Monday, reaching $129.47. 238,585 shares of the stock traded hands, compared to its average volume of 399,087. The stock has a 50 day simple moving average of $136.24 and a two-hundred day simple moving average of $130.75. iShares S&P Small-Cap 600 Value ETF has a 1 year low of $104.63 and a 1 year high of $141.18. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99.

iShares S&P Small-Cap 600 Value ETF Company Profile

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.