Short Interest in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Drops By 56.2%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 36,548 shares, a drop of 56.2% from the December 31st total of 83,462 shares. Based on an average daily trading volume, of 120,397 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 120,397 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of IJT stock traded up $0.63 during mid-day trading on Thursday, hitting $149.37. The stock had a trading volume of 116,767 shares, compared to its average volume of 109,398. The firm has a market capitalization of $6.63 billion, a P/E ratio of 20.21 and a beta of 1.09. iShares S&P Small-Cap 600 Growth ETF has a 12-month low of $107.38 and a 12-month high of $154.04. The firm’s 50-day moving average is $145.21 and its two-hundred day moving average is $141.26.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.4214 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, December 16th. This represents a $1.69 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of iShares S&P Small-Cap 600 Growth ETF

A number of institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. raised its stake in iShares S&P Small-Cap 600 Growth ETF by 59.0% in the second quarter. Brown Advisory Inc. now owns 471,121 shares of the company’s stock valued at $62,678,000 after buying an additional 174,750 shares during the last quarter. World Investment Advisors grew its position in iShares S&P Small-Cap 600 Growth ETF by 968.9% during the 2nd quarter. World Investment Advisors now owns 179,400 shares of the company’s stock worth $23,867,000 after purchasing an additional 162,617 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 13,193.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 134,000 shares of the company’s stock valued at $17,827,000 after purchasing an additional 132,992 shares in the last quarter. M&T Bank Corp increased its stake in iShares S&P Small-Cap 600 Growth ETF by 31.2% during the 3rd quarter. M&T Bank Corp now owns 550,176 shares of the company’s stock valued at $77,850,000 after purchasing an additional 130,915 shares in the last quarter. Finally, TBH Global Asset Management LLC raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 2,860.7% in the fourth quarter. TBH Global Asset Management LLC now owns 117,301 shares of the company’s stock worth $16,558,000 after buying an additional 113,339 shares during the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.

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.