iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Stock Short Interest Jumps 83.9%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 157,460 shares, an increase of 83.9% from the September 15th total of 85,602 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 154,838 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMCG. Selby Wealth Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at about $380,000. Stanich Group LLC increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the third quarter. Stanich Group LLC now owns 22,061 shares of the company’s stock worth $2,072,000 after purchasing an additional 290 shares during the last quarter. Neumann Capital Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $1,387,000. AdvisorNet Financial Inc purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $1,076,000. Finally, Triangle Securities Wealth Management purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $700,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Growth ETF stock traded down $1.45 on Friday, hitting $93.57. 166,459 shares of the company’s stock were exchanged, compared to its average volume of 127,434. The company has a 50-day simple moving average of $96.30 and a 200-day simple moving average of $93.41. The stock has a market capitalization of $4.02 billion, a PE ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $75.67 and a 1 year high of $100.79.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.