iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Short Interest Down 40.8% in May

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 38,183 shares, a drop of 40.8% from the April 30th total of 64,444 shares. Based on an average daily volume of 103,944 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $29,000. Dagco Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $30,000. Windsor Advisory Group LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the third quarter worth $31,000. Finally, Fifth Third Bancorp acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the third quarter worth $37,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.9%

NYSEARCA IMCG opened at $94.32 on Tuesday. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $75.67 and a 12-month high of $94.67. The company has a market capitalization of $3.74 billion, a PE ratio of 28.77 and a beta of 1.13. The firm’s 50 day moving average is $86.16 and its 200-day moving average is $83.22.

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.