Short Interest in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Expands By 72.9%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 66,031 shares, a growth of 72.9% from the May 14th total of 38,183 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 77,245 shares, the short-interest ratio is currently 0.9 days.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Growth ETF stock traded up $0.90 during trading on Wednesday, hitting $96.93. 37,764 shares of the stock were exchanged, compared to its average volume of 125,017. The stock’s fifty day moving average is $89.56 and its 200 day moving average is $84.39. The stock has a market cap of $3.84 billion, a PE ratio of 28.77 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $75.67 and a 12 month high of $97.89.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Strategies LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 8.5% during the 4th quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after purchasing an additional 11,806 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 7.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 129,827 shares of the company’s stock valued at $10,365,000 after purchasing an additional 8,822 shares in the last quarter. Leo Wealth LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $2,863,000. Marino Stram & Associates LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 11.3% during the 4th quarter. Marino Stram & Associates LLC now owns 63,437 shares of the company’s stock valued at $5,065,000 after purchasing an additional 6,435 shares in the last quarter. Finally, Summit Wealth Group LLC Co. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $2,556,000.

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.