iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Short Interest Up 23.1% in March

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 107,434 shares, a growth of 23.1% from the February 26th total of 87,259 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 158,278 shares, the days-to-cover ratio is presently 0.7 days.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock traded down $0.99 during mid-day trading on Monday, hitting $76.01. 382,409 shares of the company’s stock traded hands, compared to its average volume of 138,228. The firm has a 50 day simple moving average of $82.02 and a two-hundred day simple moving average of $81.73. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $61.65 and a fifty-two week high of $84.76. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of hedge funds have recently modified their holdings of IMCG. Financial Consulate Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $25,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $29,000. Dagco Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $30,000. Finally, Windsor Advisory Group LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at approximately $31,000.

About iShares Morningstar Mid-Cap Growth ETF

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.