Short Interest in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Declines By 29.1%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 87,259 shares, a drop of 29.1% from the February 12th total of 123,092 shares. Based on an average trading volume of 92,695 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 92,695 shares, the short-interest ratio is currently 0.9 days.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock traded down $0.02 during trading hours on Friday, hitting $79.40. 96,995 shares of the stock traded hands, compared to its average volume of 133,079. The firm’s 50 day moving average price is $82.65 and its 200-day moving average price is $81.90. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $61.65 and a 1 year high of $84.76.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

A number of large investors have recently bought and sold shares of IMCG. Financial Consulate Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $29,000. Dagco Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $30,000. Finally, Windsor Advisory Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth $31,000.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.