iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 101,097 shares, an increase of 225.9% from the September 30th total of 31,021 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 23,937 shares, the short-interest ratio is presently 4.2 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Certified Advisory Corp boosted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 26.3% in the 3rd quarter. Certified Advisory Corp now owns 124,018 shares of the company’s stock valued at $7,587,000 after purchasing an additional 25,845 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in iShares Morningstar Small-Cap Growth ETF by 11.7% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 16,952 shares of the company’s stock worth $1,037,000 after acquiring an additional 1,778 shares during the period. D.A. Davidson & CO. bought a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter worth about $1,020,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at about $86,000. Finally, Black Diamond Financial LLC grew its stake in iShares Morningstar Small-Cap Growth ETF by 6.6% during the third quarter. Black Diamond Financial LLC now owns 205,513 shares of the company’s stock worth $12,573,000 after purchasing an additional 12,707 shares during the period.
iShares Morningstar Small-Cap Growth ETF Price Performance
ISCG stock traded down $1.54 during midday trading on Friday, reaching $60.96. 45,046 shares of the stock were exchanged, compared to its average volume of 37,565. iShares Morningstar Small-Cap Growth ETF has a 52 week low of $51.65 and a 52 week high of $66.50. The company has a fifty day moving average price of $62.23 and a 200 day moving average price of $60.93. The stock has a market capitalization of $957.02 million, a PE 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.
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