iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Significant Drop in Short Interest

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 76,184 shares, a decrease of 34.1% from the July 30th total of 115,567 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 208,424 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Growth ETF

A number of large investors have recently modified their holdings of the company. Quadcap Wealth Management LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 0.9% in the first quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock worth $1,100,000 after purchasing an additional 66 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 29.6% during the 2nd quarter. CoreCap Advisors LLC now owns 337 shares of the company’s stock valued at $60,000 after purchasing an additional 77 shares during the last quarter. Taylor Financial Group Inc. lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.4% in the 4th quarter. Taylor Financial Group Inc. now owns 17,639 shares of the company’s stock worth $2,490,000 after acquiring an additional 79 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in iShares S&P Small-Cap 600 Growth ETF by 3.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock valued at $352,000 after buying an additional 80 shares during the period. Finally, NewEdge Wealth LLC lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 6.0% in the 1st quarter. NewEdge Wealth LLC now owns 1,560 shares of the company’s stock valued at $226,000 after acquiring an additional 88 shares during the last quarter. 55.81% of the stock is currently owned by institutional investors.

iShares S&P Small-Cap 600 Growth ETF Trading Down 1.2%

NASDAQ:IJT traded down $1.97 on Tuesday, hitting $167.68. The company had a trading volume of 147,298 shares, compared to its average volume of 152,479. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04. The firm has a 50 day moving average of $174.45 and a two-hundred day moving average of $162.35. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $132.98 and a 52 week high of $179.68.

iShares S&P Small-Cap 600 Growth ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.2566 dividend. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.03 annualized dividend and a dividend yield of 0.6%.

About iShares S&P Small-Cap 600 Growth ETF

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.