iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Short Interest Up 276.1% in February

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 49,190 shares, an increase of 276.1% from the February 12th total of 13,078 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 58,576 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 58,576 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

iShares Morningstar Small-Cap Growth ETF Price Performance

NYSEARCA:ISCG traded down $0.20 during mid-day trading on Friday, reaching $54.87. 203,404 shares of the company’s stock traded hands, compared to its average volume of 64,275. iShares Morningstar Small-Cap Growth ETF has a 12-month low of $38.73 and a 12-month high of $60.19. The firm has a market capitalization of $836.77 million, a price-to-earnings ratio of 26.03 and a beta of 1.10. The company has a 50 day moving average price of $58.25 and a 200-day moving average price of $56.04.

Hedge Funds Weigh In On iShares Morningstar Small-Cap Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the second quarter worth about $39,000. Mather Group LLC. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at approximately $46,000. Assetmark Inc. boosted its position in shares of iShares Morningstar Small-Cap Growth ETF by 121.4% during the second quarter. Assetmark Inc. now owns 899 shares of the company’s stock valued at $45,000 after purchasing an additional 493 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the fourth quarter valued at approximately $52,000. Finally, Glassy Mountain Advisors Inc. purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the third quarter worth $68,000.

iShares Morningstar Small-Cap Growth ETF Company Profile

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.