Short Interest in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Drops By 35.8%

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 32,256 shares, a decline of 35.8% from the February 26th total of 50,249 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 257,604 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IJS. Merrithew & Thorsten Inc acquired a new position in shares of iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC bought a new stake in iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in iShares S&P Small-Cap 600 Value ETF in the third quarter valued at about $29,000. Accredited Wealth Management LLC lifted its stake in iShares S&P Small-Cap 600 Value ETF by 409.6% in the third quarter. Accredited Wealth Management LLC now owns 265 shares of the company’s stock valued at $29,000 after buying an additional 213 shares during the period. Finally, Caldwell Trust Co bought a new position in iShares S&P Small-Cap 600 Value ETF during the second quarter worth about $30,000. 71.86% of the stock is owned by institutional investors.

iShares S&P Small-Cap 600 Value ETF Stock Performance

iShares S&P Small-Cap 600 Value ETF stock traded down $1.95 during trading hours on Friday, reaching $116.54. 1,423,894 shares of the company’s stock traded hands, compared to its average volume of 439,644. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 13.92 and a beta of 1.08. 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. The firm’s 50 day moving average is $121.40 and its 200-day moving average is $115.81.

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.