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

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

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

Hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $1,116,000. Blue Edge Capital LLC acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter valued at $8,013,000. NorthLanding Financial Partners LLC acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter valued at $901,000. Three Seasons Wealth LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF during the second quarter worth $1,809,000. Finally, Avidian Wealth Enterprises LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF during the third quarter worth $597,000. 55.81% of the stock is currently owned by institutional investors and hedge funds.

iShares S&P Small-Cap 600 Growth ETF Trading Down 1.6%

NASDAQ:IJT traded down $2.62 on Friday, hitting $164.34. The company had a trading volume of 77,007 shares, compared to its average volume of 167,511. The firm has a 50 day moving average of $164.97 and a two-hundred day moving average of $161.32. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $132.98 and a 52 week high of $179.68.

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. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%.

iShares S&P Small-Cap 600 Growth ETF Company Profile

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.