iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Significant Decrease in Short Interest

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 51,500 shares, a decrease of 64.4% from the December 31st total of 144,700 shares. Based on an average daily trading volume, of 144,800 shares, the short-interest ratio is presently 0.4 days.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.4 %

Shares of iShares S&P Small-Cap 600 Growth ETF stock traded up $0.52 on Tuesday, hitting $140.31. The stock had a trading volume of 21,936 shares, compared to its average volume of 114,579. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 14.69 and a beta of 1.13. iShares S&P Small-Cap 600 Growth ETF has a 52-week low of $120.45 and a 52-week high of $152.05. The company’s 50 day moving average price is $141.46 and its 200 day moving average price is $138.77.

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

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.3508 per share. The ex-dividend date was Tuesday, December 17th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IJT. Royal Fund Management LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the third quarter worth $24,955,000. Christopher J. Hasenberg Inc purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter worth $22,611,000. LPL Financial LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 10.5% during the 3rd quarter. LPL Financial LLC now owns 863,752 shares of the company’s stock worth $120,485,000 after purchasing an additional 82,307 shares during the period. Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at about $8,887,000. Finally, Beaumont Financial Advisors LLC increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 25.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 239,852 shares of the company’s stock valued at $32,469,000 after purchasing an additional 48,416 shares in the last quarter. 55.81% of the stock is owned by hedge funds and other 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.