iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Stock Short Interest Falls 43.7%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 88,644 shares, a drop of 43.7% from the September 30th total of 157,460 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 131,682 shares, the days-to-cover ratio is presently 0.7 days.

iShares Morningstar Mid-Cap Growth ETF Trading Down 2.5%

Shares of NYSEARCA:IMCG traded down $2.42 during trading on Friday, hitting $93.22. 151,218 shares of the company’s stock traded hands, compared to its average volume of 127,662. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $75.67 and a 52 week high of $100.79. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. The company has a 50-day moving average price of $95.40 and a 200-day moving average price of $90.54.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several institutional investors have recently added to or reduced their stakes in IMCG. Oakworth Capital Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $39,000. Compass Financial Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $42,000. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $48,000. Triumph Capital Management bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $95,000. Finally, NBT Bank N A NY boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 1,965.0% during the first quarter. NBT Bank N A NY now owns 1,652 shares of the company’s stock worth $130,000 after buying an additional 1,572 shares during the period.

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.