iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Large Drop in Short Interest

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 31,021 shares, a decrease of 52.4% from the September 15th total of 65,167 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 25,293 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares Morningstar Small-Cap Growth ETF

Several hedge funds have recently bought and sold shares of ISCG. Systelligence LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the first quarter worth approximately $14,275,000. MRA Advisory Group purchased a new stake in iShares Morningstar Small-Cap Growth ETF during the 1st quarter valued at $6,014,000. Van Diest Capital LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 667.2% during the 1st quarter. Van Diest Capital LLC now owns 58,414 shares of the company’s stock valued at $3,201,000 after buying an additional 50,800 shares during the last quarter. Beam Wealth Advisors Inc. lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 34.0% during the 1st quarter. Beam Wealth Advisors Inc. now owns 104,264 shares of the company’s stock valued at $5,714,000 after buying an additional 26,452 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 61.8% during the 1st quarter. Royal Bank of Canada now owns 64,860 shares of the company’s stock valued at $3,554,000 after buying an additional 24,771 shares during the period.

iShares Morningstar Small-Cap Growth ETF Stock Down 1.9%

Shares of ISCG stock traded down $1.17 during mid-day trading on Wednesday, reaching $60.13. 30,516 shares of the company’s stock traded hands, compared to its average volume of 37,646. The company’s 50-day moving average price is $63.28 and its 200-day moving average price is $62.09. The company has a market cap of $938.03 million, a P/E ratio of 26.03 and a beta of 1.14. iShares Morningstar Small-Cap Growth ETF has a 12 month low of $51.65 and a 12 month high of $66.50.

About iShares Morningstar Small-Cap Growth ETF

The iShares Morningstar Small-Cap Growth ETF (ISCG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap growth stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s growth style categorization. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.