iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Large Drop in Short Interest

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 70,457 shares, a decrease of 21.6% from the January 15th total of 89,899 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 278,622 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 278,622 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares S&P Small-Cap 600 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IJS. Seven Mile Advisory lifted its stake in iShares S&P Small-Cap 600 Value ETF by 5.6% during the fourth quarter. Seven Mile Advisory now owns 20,237 shares of the company’s stock worth $2,301,000 after purchasing an additional 1,069 shares during the period. MML Investors Services LLC raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 10.6% in the 4th quarter. MML Investors Services LLC now owns 43,393 shares of the company’s stock worth $4,935,000 after buying an additional 4,155 shares in the last quarter. Focus Partners Wealth lifted its position in shares of iShares S&P Small-Cap 600 Value ETF by 96.3% during the 4th quarter. Focus Partners Wealth now owns 294,751 shares of the company’s stock worth $33,519,000 after buying an additional 144,571 shares during the period. Cornerstone Financial Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $26,000. Finally, Arax Advisory Partners acquired a new stake in iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at $455,000. Institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Stock Up 1.2%

IJS traded up $1.42 during trading on Monday, reaching $124.89. 190,862 shares of the company’s stock were exchanged, compared to its average volume of 376,435. The company has a market capitalization of $7.71 billion, a P/E ratio of 13.92 and a beta of 1.08. The business has a 50 day moving average price of $119.59 and a 200 day moving average price of $113.05. iShares S&P Small-Cap 600 Value ETF has a fifty-two week low of $82.10 and a fifty-two week high of $127.85.

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

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.