iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Stock Short Interest Rises 83.9%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 157,460 shares, an increase of 83.9% from the September 15th total of 85,602 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 154,838 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in iShares Morningstar Mid-Cap Growth ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock worth $74,324,000 after purchasing an additional 26,636 shares during the period. Bank of America Corp DE boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.8% during the first quarter. Bank of America Corp DE now owns 567,589 shares of the company’s stock worth $44,709,000 after buying an additional 15,572 shares in the last quarter. Baer Investment Advisory LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the first quarter worth $34,027,000. Cornerstone Planning Group LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 8.6% during the first quarter. Cornerstone Planning Group LLC now owns 382,492 shares of the company’s stock worth $30,129,000 after buying an additional 30,185 shares in the last quarter. Finally, First Pacific Financial bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at $26,608,000.

iShares Morningstar Mid-Cap Growth ETF Trading Down 2.2%

Shares of IMCG stock opened at $94.12 on Thursday. The stock has a 50 day moving average of $96.46 and a two-hundred day moving average of $93.28. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $75.67 and a 12 month high of $100.79. The company has a market capitalization of $4.03 billion, a P/E ratio of 28.77 and a beta of 1.13.

iShares Morningstar Mid-Cap Growth ETF Company Profile

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.