iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Significant Drop in Short Interest

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 31,021 shares, a drop of 52.4% from the September 15th total of 65,167 shares. Based on an average daily volume of 25,293 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ISCG. Cetera Investment Advisers boosted its position in iShares Morningstar Small-Cap Growth ETF by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 412,639 shares of the company’s stock valued at $22,613,000 after acquiring an additional 8,629 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 4.3% during the 1st quarter. Bank of America Corp DE now owns 269,357 shares of the company’s stock worth $14,761,000 after acquiring an additional 11,159 shares during the period. Systelligence LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth approximately $14,275,000. Matrix Trust Co raised its position in shares of iShares Morningstar Small-Cap Growth ETF by 0.9% in the 2nd quarter. Matrix Trust Co now owns 180,159 shares of the company’s stock worth $11,808,000 after acquiring an additional 1,656 shares in the last quarter. Finally, Ipsen Advisor Group LLC raised its position in shares of iShares Morningstar Small-Cap Growth ETF by 1.6% in the 1st quarter. Ipsen Advisor Group LLC now owns 115,493 shares of the company’s stock worth $6,329,000 after acquiring an additional 1,874 shares in the last quarter.

iShares Morningstar Small-Cap Growth ETF Stock Performance

Shares of NYSEARCA ISCG traded down $1.17 during mid-day trading on Wednesday, hitting $60.13. The stock had a trading volume of 30,516 shares, compared to its average volume of 37,646. iShares Morningstar Small-Cap Growth ETF has a 1 year low of $51.65 and a 1 year high of $66.50. The business has a 50 day moving average price of $63.28 and a two-hundred day moving average price of $62.09. The firm has a market cap of $938.03 million, a P/E ratio of 26.03 and a beta of 1.14.

iShares Morningstar Small-Cap Growth ETF Company Profile

The iShares Morningstar Small-Cap Growth ETF (ISCG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap growth stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s growth style categorization. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.