iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Short Interest Up 237.0% in June

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 271,772 shares, an increase of 237.0% from the June 15th total of 80,636 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 361,472 shares, the days-to-cover ratio is presently 0.8 days.

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

NYSEARCA:IJS opened at $134.99 on Monday. The stock’s fifty day moving average is $131.70 and its two-hundred day moving average is $124.91. iShares S&P Small-Cap 600 Value ETF has a 52 week low of $97.90 and a 52 week high of $138.00. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99.

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

Hedge funds have recently bought and sold shares of the company. Certuity LLC acquired a new position in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at approximately $495,000. Comerica Bank increased its stake in iShares S&P Small-Cap 600 Value ETF by 6.7% during the 4th quarter. Comerica Bank now owns 95,512 shares of the company’s stock worth $10,862,000 after buying an additional 5,958 shares during the period. Powerhouse Assets LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $1,014,000. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $1,450,000. Finally, Sherman Wealth Management LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $785,000. Institutional investors and hedge funds own 71.86% of the company’s stock.

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.