iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Significant Growth in Short Interest

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 178,541 shares, a growth of 376.6% from the April 15th total of 37,459 shares. Based on an average daily volume of 445,893 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Certuity LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at $495,000. Comerica Bank raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 6.7% in the fourth quarter. Comerica Bank now owns 95,512 shares of the company’s stock valued at $10,862,000 after acquiring an additional 5,958 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the third quarter valued at $23,118,000. Jones Financial Companies Lllp raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 4.9% in the third quarter. Jones Financial Companies Lllp now owns 325,609 shares of the company’s stock valued at $35,908,000 after acquiring an additional 15,151 shares during the period. Finally, Powerhouse Assets LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at $1,014,000. Hedge funds and other institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Stock Performance

IJS stock traded down $1.64 during trading on Friday, hitting $125.74. 151,736 shares of the company’s stock traded hands, compared to its average volume of 465,852. iShares S&P Small-Cap 600 Value ETF has a 52 week low of $93.17 and a 52 week high of $130.85. The business has a fifty day simple moving average of $122.53 and a 200 day simple moving average of $119.11. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 13.92 and a beta of 1.01.

iShares S&P Small-Cap 600 Value ETF Company Profile

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.