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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 64,182 shares, a drop of 44.9% from the April 15th total of 116,577 shares. Based on an average daily volume of 150,835 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.2%

Shares of iShares S&P Small-Cap 600 Growth ETF stock traded up $0.30 during mid-day trading on Monday, hitting $158.81. 351,511 shares of the stock were exchanged, compared to its average volume of 121,481. iShares S&P Small-Cap 600 Growth ETF has a twelve month low of $125.24 and a twelve month high of $164.85. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 20.21 and a beta of 1.07. The company has a 50-day simple moving average of $152.31 and a 200 day simple moving average of $148.09.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

Several hedge funds have recently modified their holdings of IJT. AQR Capital Management LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 238.6% in the first quarter. AQR Capital Management LLC now owns 7,565 shares of the company’s stock worth $942,000 after acquiring an additional 5,331 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth approximately $256,000. Gamco Investors INC. ET AL acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth approximately $220,000. NewEdge Advisors LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 6.0% in the second quarter. NewEdge Advisors LLC now owns 10,312 shares of the company’s stock worth $1,372,000 after acquiring an additional 586 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 4.8% in the second quarter. Peapack Gladstone Financial Corp now owns 31,357 shares of the company’s stock worth $4,172,000 after acquiring an additional 1,444 shares during the last quarter. 55.81% of the stock is owned by institutional investors and hedge funds.

iShares S&P Small-Cap 600 Growth ETF Company Profile

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.