iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Short Interest Update

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 188,598 shares, an increase of 171.5% from the June 30th total of 69,460 shares. Based on an average trading volume of 317,942 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

iShares S&P Small-Cap 600 Growth ETF Stock Down 1.2%

Shares of IJT traded down $2.08 during mid-day trading on Wednesday, hitting $171.02. The company had a trading volume of 15,252 shares, compared to its average volume of 142,793. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $129.88 and a 1-year high of $179.65. The business’s 50-day simple moving average is $169.76 and its 200-day simple moving average is $158.13. The stock has a market cap of $8.17 billion, a PE ratio of 20.21 and a beta of 1.04.

iShares S&P Small-Cap 600 Growth ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.2566 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.03 annualized dividend and a dividend yield of 0.6%. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Lee Kelleher & Klein Wealth Management raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.5% in the 2nd quarter. Lee Kelleher & Klein Wealth Management now owns 16,847 shares of the company’s stock worth $3,009,000 after purchasing an additional 252 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 2.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 57,390 shares of the company’s stock worth $10,250,000 after purchasing an additional 1,422 shares during the period. Diversified Management Inc. increased its position in iShares S&P Small-Cap 600 Growth ETF by 40.4% during the 2nd quarter. Diversified Management Inc. now owns 15,612 shares of the company’s stock worth $2,788,000 after purchasing an additional 4,491 shares in the last quarter. Sapient Capital LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter worth approximately $234,000. Finally, Rockland Trust Co. purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $213,000. 55.81% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P Small-Cap 600 Growth ETF

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.