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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 64,182 shares, a decrease of 44.9% from the April 15th total of 116,577 shares. Based on an average daily volume of 150,835 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

iShares S&P Small-Cap 600 Growth ETF Price Performance

Shares of IJT traded down $2.94 during trading hours on Friday, hitting $158.51. The stock had a trading volume of 142,080 shares, compared to its average volume of 119,008. The company’s fifty day moving average is $152.31 and its two-hundred day moving average is $148.09. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $125.24 and a 52 week high of $164.85. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 20.21 and a beta of 1.07.

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

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.22 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Signature Resources Capital Management LLC raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 18,800.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 285.2% in the fourth quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after acquiring an additional 154 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at approximately $36,000. North Star Investment Management Corp. raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 102.4% in the fourth quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the fourth quarter valued at approximately $36,000. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Company Profile

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.