iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Stock Short Interest Jumps 131.7%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 145,658 shares, a growth of 131.7% from the September 30th total of 62,866 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 232,635 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Albion Financial Group UT bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $26,000. Signaturefd LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 1st quarter valued at $37,000. Horizons Wealth Management bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at $43,000. Finally, Angeles Wealth Management LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 70.0% during the 1st quarter. Angeles Wealth Management LLC now owns 340 shares of the company’s stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 55.81% of the company’s stock.

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

Shares of IJT traded down $2.62 during trading hours on Friday, hitting $164.34. The stock had a trading volume of 77,007 shares, compared to its average volume of 167,511. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $132.98 and a 1-year high of $179.68. The firm has a market capitalization of $7.51 billion, a P/E ratio of 20.21 and a beta of 1.05. The firm has a 50 day simple moving average of $164.97 and a 200-day simple moving average of $161.32.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.36 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 annualized dividend and a yield of 0.9%.

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.