iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Stock Short Interest Climbs 131.7%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 145,658 shares, an increase of 131.7% from the September 30th total of 62,866 shares. Based on an average daily trading volume, of 232,635 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

iShares S&P Small-Cap 600 Growth ETF Stock Down 1.6%

Shares of NASDAQ:IJT opened at $164.34 on Friday. The firm has a market cap of $7.51 billion, a P/E ratio of 20.21 and a beta of 1.05. iShares S&P Small-Cap 600 Growth ETF has a 12 month low of $132.98 and a 12 month high of $179.68. The company’s 50-day moving average price is $164.80 and its two-hundred day moving average price is $161.41.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Trading of iShares S&P Small-Cap 600 Growth ETF

Several hedge funds have recently modified their holdings of IJT. Lee Financial Co bought a new position in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter worth approximately $17,702,000. Royal Fund Management LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 1,257.8% during the third quarter. Royal Fund Management LLC now owns 104,432 shares of the company’s stock valued at $16,744,000 after purchasing an additional 96,741 shares during the period. Sigma Planning Corp acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the third quarter valued at approximately $8,224,000. Ifrah Financial Services Inc. bought a new stake in iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at approximately $7,917,000. Finally, Farther Finance Advisors LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 288.7% in the third quarter. Farther Finance Advisors LLC now owns 66,113 shares of the company’s stock valued at $10,600,000 after purchasing an additional 49,106 shares in the last quarter. 55.81% of the stock is owned by institutional investors.

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.