iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Significant Decrease in Short Interest
by Amy Steele · The Cerbat GemiShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Get Free Report) saw a significant decrease in short interest in 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 150,835 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of iShares S&P Small-Cap 600 Growth ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 3,998.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock worth $4,733,240,000 after acquiring an additional 32,712,932 shares in the last quarter. UBS Group AG raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.6% during the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock worth $151,131,000 after acquiring an additional 6,157 shares in the last quarter. LPL Financial LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock worth $135,105,000 after acquiring an additional 4,940 shares in the last quarter. Brown Advisory Inc. raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 55.9% during the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock worth $118,031,000 after acquiring an additional 299,807 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 31.2% during the third quarter. M&T Bank Corp now owns 550,176 shares of the company’s stock worth $77,850,000 after acquiring an additional 130,915 shares in the last quarter. Institutional investors own 55.81% of the company’s stock.
iShares S&P Small-Cap 600 Growth ETF Trading Down 1.8%
Shares of IJT stock traded down $2.94 on Friday, hitting $158.51. 142,080 shares of the stock were exchanged, compared to its average volume of 119,008. iShares S&P Small-Cap 600 Growth ETF has a fifty-two week low of $125.24 and a fifty-two week high of $164.85. The firm has a market capitalization of $7.18 billion, a P/E ratio of 20.21 and a beta of 1.07. The business has a 50-day moving average of $152.31 and a 200 day moving average of $148.06.
iShares S&P Small-Cap 600 Growth ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 17th.
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.