Short Interest in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Decreases By 78.3%

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 48,077 shares, a drop of 78.3% from the June 30th total of 221,087 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 372,999 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Litman Gregory Wealth Management LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth $28,000. National Bank of Canada FI purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth $29,000. Angeles Wealth Management LLC acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF in the first quarter valued at $30,000. Finally, Sankala Group LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter valued at $32,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.

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

IJK stock traded up $0.44 during trading on Monday, hitting $113.62. 244,791 shares of the company’s stock were exchanged, compared to its average volume of 376,376. The business has a 50-day moving average price of $113.85 and a two-hundred day moving average price of $107.91. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05. iShares S&P Mid-Cap 400 Growth ETF has a 52-week low of $90.44 and a 52-week high of $117.60.

About iShares S&P Mid-Cap 400 Growth ETF

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.