iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Shares Shorted: Short Interest Down 52.4% in September

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 31,021 shares, a decrease of 52.4% from the September 15th total of 65,167 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 25,293 shares, the days-to-cover ratio is presently 1.2 days.

iShares Morningstar Small-Cap Growth ETF Stock Down 1.5%

iShares Morningstar Small-Cap Growth ETF stock traded down $0.90 during mid-day trading on Friday, hitting $60.08. The company had a trading volume of 7,747 shares, compared to its average volume of 37,489. The stock has a market cap of $937.20 million, a price-to-earnings ratio of 26.03 and a beta of 1.14. iShares Morningstar Small-Cap Growth ETF has a 1 year low of $51.65 and a 1 year high of $66.50. The business has a fifty day moving average of $63.11 and a 200 day moving average of $62.18.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Systelligence LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the first quarter valued at $14,275,000. MRA Advisory Group purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the first quarter worth about $6,014,000. Van Diest Capital LLC grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 667.2% during the first quarter. Van Diest Capital LLC now owns 58,414 shares of the company’s stock worth $3,201,000 after purchasing an additional 50,800 shares during the last quarter. Beam Wealth Advisors Inc. grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 34.0% during the first quarter. Beam Wealth Advisors Inc. now owns 104,264 shares of the company’s stock worth $5,714,000 after purchasing an additional 26,452 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 61.8% during the first quarter. Royal Bank of Canada now owns 64,860 shares of the company’s stock worth $3,554,000 after purchasing an additional 24,771 shares in the last quarter.

About iShares Morningstar Small-Cap Growth ETF

The iShares Morningstar Small-Cap Growth ETF (ISCG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap growth stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s growth style categorization. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.