iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Decrease in Short Interest

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 199,723 shares, a decline of 20.8% from the March 31st total of 252,192 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 982,020 shares, the days-to-cover ratio is currently 0.2 days.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.4%

Shares of NYSEARCA:IJK traded up $0.41 during mid-day trading on Friday, reaching $109.12. The company had a trading volume of 341,106 shares, compared to its average volume of 438,852. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 22.45 and a beta of 1.06. The company’s 50-day moving average price is $104.48 and its 200-day moving average price is $100.76. iShares S&P Mid-Cap 400 Growth ETF has a one year low of $84.53 and a one year high of $111.58.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Hedge funds have recently modified their holdings of the stock. Pacific Sun Financial Corp lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 1.5% during the fourth quarter. Pacific Sun Financial Corp now owns 6,762 shares of the company’s stock valued at $655,000 after purchasing an additional 100 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 1.8% during the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 6,179 shares of the company’s stock valued at $599,000 after purchasing an additional 109 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.1% during the third quarter. Capital Investment Advisors LLC now owns 5,311 shares of the company’s stock valued at $509,000 after purchasing an additional 111 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 3,887 shares of the company’s stock valued at $377,000 after purchasing an additional 111 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 0.5% during the third quarter. Alliancebernstein L.P. now owns 23,436 shares of the company’s stock valued at $2,247,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Company Profile

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 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.