iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Large Drop in Short Interest

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 70,457 shares, a drop of 21.6% from the January 15th total of 89,899 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 278,622 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 278,622 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Merrithew & Thorsten Inc bought a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the 3rd quarter worth approximately $29,000. Accredited Wealth Management LLC grew its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 409.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 265 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Caldwell Trust Co acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the second quarter worth $30,000. Finally, Capital Investment Counsel Inc bought a new stake in iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at $30,000. Institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Stock Up 1.2%

IJS stock traded up $1.42 during mid-day trading on Friday, reaching $124.89. 190,862 shares of the stock traded hands, compared to its average volume of 376,435. iShares S&P Small-Cap 600 Value ETF has a 52 week low of $82.10 and a 52 week high of $127.85. The firm has a market capitalization of $7.71 billion, a PE ratio of 13.92 and a beta of 1.08. The business has a 50-day moving average of $119.37 and a two-hundred day moving average of $112.80.

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.