iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Significant Increase in Short Interest
by Mitch Edgeman · The Markets DailyiShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 66,031 shares, an increase of 72.9% from the May 14th total of 38,183 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 77,245 shares, the short-interest ratio is presently 0.9 days.
iShares Morningstar Mid-Cap Growth ETF Trading Down 0.8%
IMCG stock traded down $0.82 during mid-day trading on Tuesday, hitting $96.03. 75,718 shares of the company were exchanged, compared to its average volume of 125,859. The company has a market capitalization of $3.80 billion, a PE ratio of 28.77 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $75.67 and a twelve month high of $97.89. The firm has a fifty day simple moving average of $89.56 and a 200 day simple moving average of $84.39.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock valued at $229,403,000 after buying an additional 2,068,305 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after buying an additional 160,038 shares during the period. Morgan Stanley boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 10.0% in the 4th quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after buying an additional 104,588 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after buying an additional 30,585 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock valued at $74,324,000 after buying an additional 26,636 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.