Short Interest in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Rises By 23.7%

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 8,094,965 shares, an increase of 23.7% from the February 26th total of 6,546,235 shares. Based on an average daily volume of 24,577,484 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IJH. Northwestern Mutual Wealth Management Co. raised its stake in iShares Core S&P Mid-Cap ETF by 1.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 124,791,222 shares of the company’s stock worth $8,236,221,000 after acquiring an additional 2,142,484 shares during the period. Bank of America Corp DE boosted its stake in iShares Core S&P Mid-Cap ETF by 1.7% in the fourth quarter. Bank of America Corp DE now owns 69,097,876 shares of the company’s stock valued at $4,560,460,000 after acquiring an additional 1,184,255 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of iShares Core S&P Mid-Cap ETF by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 58,545,723 shares of the company’s stock valued at $3,864,018,000 after purchasing an additional 2,998,287 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of iShares Core S&P Mid-Cap ETF by 3.0% during the 2nd quarter. Raymond James Financial Inc. now owns 38,719,798 shares of the company’s stock worth $2,401,402,000 after purchasing an additional 1,122,461 shares during the period. Finally, LPL Financial LLC raised its position in shares of iShares Core S&P Mid-Cap ETF by 5.1% during the 4th quarter. LPL Financial LLC now owns 29,123,810 shares of the company’s stock worth $1,922,171,000 after purchasing an additional 1,406,203 shares during the period. 14.60% of the stock is currently owned by institutional investors.

iShares Core S&P Mid-Cap ETF Stock Performance

Shares of IJH stock traded up $1.15 during mid-day trading on Tuesday, reaching $66.74. 3,334,822 shares of the company were exchanged, compared to its average volume of 18,002,248. iShares Core S&P Mid-Cap ETF has a fifty-two week low of $50.15 and a fifty-two week high of $72.56. The company has a market capitalization of $104.23 billion, a P/E ratio of 19.00 and a beta of 1.07. The business’s 50 day simple moving average is $69.55 and its 200 day simple moving average is $67.24.

About iShares Core S&P Mid-Cap ETF

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.