iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Short Interest Down 42.4% in May

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 102,763 shares, a drop of 42.4% from the April 30th total of 178,541 shares. Based on an average daily trading volume, of 223,690 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

iShares S&P Small-Cap 600 Value ETF Price Performance

iShares S&P Small-Cap 600 Value ETF stock traded up $1.40 during mid-day trading on Tuesday, reaching $132.30. The company had a trading volume of 232,113 shares, compared to its average volume of 467,449. iShares S&P Small-Cap 600 Value ETF has a 1 year low of $94.90 and a 1 year high of $132.55. The company has a market capitalization of $8.10 billion, a P/E ratio of 13.92 and a beta of 1.01. The stock’s 50-day simple moving average is $125.18 and its 200-day simple moving average is $120.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IJS. Merrithew & Thorsten Inc purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $26,000. Assetmark Inc. increased its stake in shares of iShares S&P Small-Cap 600 Value ETF by 138.8% during the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares in the last quarter. Accredited Wealth Management LLC increased its stake in shares of iShares S&P Small-Cap 600 Value ETF by 409.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 265 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Finally, Capital Investment Counsel Inc purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $30,000. 71.86% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.