iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Short Interest Down 44.4% in March

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 27,361 shares, a decline of 44.4% from the February 26th total of 49,190 shares. Based on an average daily volume of 85,274 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

iShares Morningstar Small-Cap Growth ETF Trading Down 0.9%

iShares Morningstar Small-Cap Growth ETF stock traded down $0.50 during trading hours on Friday, reaching $54.24. 6,834 shares of the company were exchanged, compared to its average volume of 60,811. iShares Morningstar Small-Cap Growth ETF has a 12 month low of $38.73 and a 12 month high of $60.19. The stock has a 50-day moving average of $57.68 and a 200 day moving average of $56.19. The firm has a market cap of $827.16 million, a price-to-earnings ratio of 26.03 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Securities Inc. lifted its position in iShares Morningstar Small-Cap Growth ETF by 2.0% during the 4th quarter. Fifth Third Securities Inc. now owns 10,315 shares of the company’s stock worth $572,000 after acquiring an additional 201 shares during the last quarter. Prospera Financial Services Inc grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 5.3% in the third quarter. Prospera Financial Services Inc now owns 4,545 shares of the company’s stock valued at $247,000 after purchasing an additional 227 shares during the last quarter. GWN Securities Inc. grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 3.0% in the third quarter. GWN Securities Inc. now owns 7,850 shares of the company’s stock valued at $427,000 after purchasing an additional 232 shares during the last quarter. Jim Saulnier & Associates LLC increased its stake in shares of iShares Morningstar Small-Cap Growth ETF by 5.4% in the third quarter. Jim Saulnier & Associates LLC now owns 4,754 shares of the company’s stock worth $258,000 after purchasing an additional 245 shares during the period. Finally, Towerpoint Wealth LLC increased its stake in shares of iShares Morningstar Small-Cap Growth ETF by 5.7% in the fourth quarter. Towerpoint Wealth LLC now owns 4,624 shares of the company’s stock worth $256,000 after purchasing an additional 250 shares during the period.

About iShares Morningstar Small-Cap Growth ETF

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.