iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Short Interest Up 118.3% in June

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 221,087 shares, a growth of 118.3% from the June 15th total of 101,283 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 271,673 shares, the days-to-cover ratio is currently 0.8 days.

iShares S&P Mid-Cap 400 Growth ETF Stock Performance

IJK traded up $0.01 on Wednesday, reaching $113.59. The company had a trading volume of 77,854 shares, compared to its average volume of 388,741. The company’s fifty day moving average is $113.72 and its 200 day moving average is $107.08. The stock has a market cap of $10.88 billion, a P/E ratio of 22.45 and a beta of 1.05. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $90.36 and a fifty-two week high of $117.60.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lee Kelleher & Klein Wealth Management raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.8% in the second quarter. Lee Kelleher & Klein Wealth Management now owns 39,184 shares of the company’s stock valued at $4,604,000 after buying an additional 704 shares in the last quarter. FC Advisory LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the 2nd quarter valued at $226,000. Financial Advisory Corp acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the 2nd quarter worth $205,000. Sapient Capital LLC grew its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 32.4% during the 2nd quarter. Sapient Capital LLC now owns 5,547 shares of the company’s stock worth $652,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 4.2% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 36,899 shares of the company’s stock valued at $4,336,000 after purchasing an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

About iShares S&P Mid-Cap 400 Growth ETF

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 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.