iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Stock Short Interest Falls 43.7%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 88,644 shares, a decline of 43.7% from the September 30th total of 157,460 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 131,682 shares, the short-interest ratio is presently 0.7 days.

iShares Morningstar Mid-Cap Growth ETF Price Performance

NYSEARCA:IMCG traded down $2.42 during trading hours on Friday, reaching $93.22. 151,218 shares of the stock were exchanged, compared to its average volume of 127,662. The stock has a market cap of $4.03 billion, a PE ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $75.67 and a twelve month high of $100.79. The firm has a 50 day moving average of $95.40 and a 200 day moving average of $90.54.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock worth $74,324,000 after purchasing an additional 26,636 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 567,589 shares of the company’s stock valued at $44,709,000 after purchasing an additional 15,572 shares during the period. Victory Financial Group LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 3rd quarter. Victory Financial Group LLC now owns 444,213 shares of the company’s stock valued at $41,707,000 after purchasing an additional 13,294 shares during the last quarter. Baer Investment Advisory LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $34,027,000. Finally, Cornerstone Planning Group LLC grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 8.6% during the first quarter. Cornerstone Planning Group LLC now owns 382,492 shares of the company’s stock worth $30,129,000 after purchasing an additional 30,185 shares during the period.

About iShares Morningstar Mid-Cap Growth ETF

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.