iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Short Interest Down 35.9% in December

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 105,463 shares, a drop of 35.9% from the December 15th total of 164,453 shares. Based on an average daily volume of 179,700 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 179,700 shares, the days-to-cover ratio is presently 0.6 days.

iShares S&P Small-Cap 600 Value ETF Trading Down 0.5%

IJS traded down $0.65 during trading hours on Friday, hitting $121.91. 124,085 shares of the company’s stock were exchanged, compared to its average volume of 544,335. iShares S&P Small-Cap 600 Value ETF has a 12-month low of $82.10 and a 12-month high of $122.71. The firm has a 50 day moving average of $114.57 and a 200 day moving average of $109.98. The firm has a market cap of $7.50 billion, a P/E ratio of 13.92 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC grew its stake in iShares S&P Small-Cap 600 Value ETF by 39.7% during the 4th quarter. CoreCap Advisors LLC now owns 327 shares of the company’s stock worth $37,000 after purchasing an additional 93 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of iShares S&P Small-Cap 600 Value ETF by 1.6% during the third quarter. Clearstead Advisors LLC now owns 5,916 shares of the company’s stock worth $654,000 after buying an additional 95 shares in the last quarter. Abound Wealth Management increased its stake in shares of iShares S&P Small-Cap 600 Value ETF by 25.3% during the third quarter. Abound Wealth Management now owns 476 shares of the company’s stock worth $53,000 after buying an additional 96 shares during the period. Bessemer Group Inc. lifted its stake in iShares S&P Small-Cap 600 Value ETF by 2.9% in the third quarter. Bessemer Group Inc. now owns 3,585 shares of the company’s stock worth $397,000 after acquiring an additional 100 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew its holdings in iShares S&P Small-Cap 600 Value ETF by 1.3% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,814 shares of the company’s stock worth $864,000 after acquiring an additional 101 shares in the last quarter. 71.86% of the stock is currently 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.