iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Stock Short Interest Rises 83.9%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 157,460 shares, a growth of 83.9% from the September 15th total of 85,602 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 154,838 shares, the short-interest ratio is currently 1.0 days.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock opened at $94.12 on Thursday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $100.79. The company’s fifty day moving average price is $96.46 and its two-hundred day moving average price is $93.28.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Several large investors have recently made changes to their positions in IMCG. Baer Investment Advisory LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at $34,027,000. First Pacific Financial acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth $26,608,000. Eclectic Associates Inc. ADV bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $25,054,000. Avior Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $24,545,000. Finally, Beam Wealth Advisors Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 530.1% during the 1st quarter. Beam Wealth Advisors Inc. now owns 260,379 shares of the company’s stock worth $20,510,000 after purchasing an additional 219,053 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Company Profile

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.