iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Shares Shorted: Short Interest Down 55.3% in September

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 51,150 shares, a drop of 55.3% from the August 31st total of 114,541 shares. Based on an average trading volume of 235,146 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

iShares S&P Small-Cap 600 Growth ETF Trading Down 0.5%

Shares of IJT stock traded down $0.77 during trading hours on Monday, reaching $161.89. The company’s stock had a trading volume of 82,340 shares, compared to its average volume of 156,511. iShares S&P Small-Cap 600 Growth ETF has a one year low of $132.98 and a one year high of $179.68. The firm’s fifty day simple moving average is $171.05 and its 200 day simple moving average is $164.25. The stock has a market capitalization of $7.71 billion, a P/E ratio of 20.21 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. The ex-dividend date of this dividend was Tuesday, September 15th.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Growth ETF

Several large investors have recently made changes to their positions in IJT. QRG Capital Management Inc. acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at $298,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 36.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,954 shares of the company’s stock valued at $1,242,000 after acquiring an additional 1,848 shares during the last quarter. Blue Edge Capital LLC grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 68.0% in the 2nd quarter. Blue Edge Capital LLC now owns 44,864 shares of the company’s stock valued at $8,013,000 after buying an additional 18,155 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,122 shares of the company’s stock valued at $915,000 after purchasing an additional 75 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 51.1% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,306 shares of the company’s stock valued at $769,000 after acquiring an additional 1,456 shares during the period. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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.