Short Interest in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Drops By 56.2%

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 36,548 shares, a decrease of 56.2% from the December 31st total of 83,462 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 120,397 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 120,397 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

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

Hedge funds have recently bought and sold shares of the stock. Angeles Wealth Management LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter worth approximately $27,000. Signature Resources Capital Management LLC boosted its position in iShares S&P Small-Cap 600 Growth ETF by 18,800.0% during the 4th quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Quaker Wealth Management LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 200.5% in the second quarter. Quaker Wealth Management LLC now owns 219 shares of the company’s stock valued at $29,000 after buying an additional 437 shares in the last quarter. Sound Income Strategies LLC grew its position in iShares S&P Small-Cap 600 Growth ETF by 285.2% in the fourth quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after acquiring an additional 154 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.4%

IJT stock traded up $0.63 during trading on Thursday, hitting $149.37. The company had a trading volume of 116,767 shares, compared to its average volume of 109,398. The firm has a 50-day moving average price of $145.21 and a 200-day moving average price of $141.26. The firm has a market cap of $6.63 billion, a PE ratio of 20.21 and a beta of 1.09. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $107.38 and a 1-year high of $154.04.

iShares S&P Small-Cap 600 Growth ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $0.4214 dividend. This represents a $1.69 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31.

About iShares S&P Small-Cap 600 Growth ETF

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.