Short Interest in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Increases By 313.5%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 84,307 shares, a growth of 313.5% from the December 31st total of 20,387 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,562 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 127,562 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG traded up $0.21 during midday trading on Wednesday, hitting $83.66. The stock had a trading volume of 16,734 shares, compared to its average volume of 113,760. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $61.65 and a 1 year high of $83.89. The business has a fifty day moving average of $81.28 and a 200 day moving average of $81.60. The company has a market cap of $3.25 billion, a P/E ratio of 28.77 and a beta of 1.12.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Several hedge funds have recently added to or reduced their stakes in IMCG. Rockport Wealth LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter valued at approximately $32,494,000. Fortitude Financial LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter valued at approximately $13,485,000. Bank of America Corp DE raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 50.3% during the third quarter. Bank of America Corp DE now owns 452,420 shares of the company’s stock valued at $37,429,000 after acquiring an additional 151,487 shares in the last quarter. American Trust purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter valued at $7,465,000. Finally, Elevation Capital Advisory LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 1,801.8% in the 3rd quarter. Elevation Capital Advisory LLC now owns 93,437 shares of the company’s stock worth $7,730,000 after purchasing an additional 88,524 shares in the last quarter.

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.