Short Interest in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Decreases By 56.2%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 36,548 shares, a drop of 56.2% from the December 31st total of 83,462 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 120,397 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 120,397 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter valued at $71,000. Janney Montgomery Scott LLC increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,804 shares of the company’s stock worth $3,699,000 after acquiring an additional 84 shares during the last quarter. Bank of Montreal Can raised its stake in iShares S&P Small-Cap 600 Growth ETF by 1.9% in the 2nd quarter. Bank of Montreal Can now owns 35,380 shares of the company’s stock valued at $4,707,000 after acquiring an additional 657 shares during the period. Stevens Capital Partners lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 56.6% during the second quarter. Stevens Capital Partners now owns 18,354 shares of the company’s stock valued at $2,464,000 after purchasing an additional 6,637 shares during the last quarter. Finally, Allworth Financial LP boosted its position in iShares S&P Small-Cap 600 Growth ETF by 38.4% during the second quarter. Allworth Financial LP now owns 10,543 shares of the company’s stock worth $1,403,000 after purchasing an additional 2,926 shares during the period. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ IJT traded down $1.52 during trading on Friday, hitting $147.85. 87,085 shares of the company traded hands, compared to its average volume of 108,279. The business’s fifty day moving average is $145.75 and its 200 day moving average is $141.45. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 20.21 and a beta of 1.09. iShares S&P Small-Cap 600 Growth ETF has a fifty-two week low of $107.38 and a fifty-two week high of $154.04.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.4214 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, December 16th. This represents a $1.69 dividend on an annualized basis and a yield of 1.1%.

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.