iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Short Interest Up 29.1% in March

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 97,583 shares, an increase of 29.1% from the March 15th total of 75,580 shares. Based on an average daily trading volume, of 107,593 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 3,998.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock worth $4,733,240,000 after buying an additional 32,712,932 shares during the period. UBS Group AG increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.6% during the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock worth $151,131,000 after buying an additional 6,157 shares during the period. LPL Financial LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock worth $135,105,000 after buying an additional 4,940 shares during the period. Brown Advisory Inc. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 55.9% during the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock worth $118,031,000 after buying an additional 299,807 shares during the period. Finally, M&T Bank Corp increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 31.2% during the third quarter. M&T Bank Corp now owns 550,176 shares of the company’s stock worth $77,850,000 after buying an additional 130,915 shares during the period. 55.81% of the stock is currently owned by institutional investors and hedge funds.

iShares S&P Small-Cap 600 Growth ETF Stock Down 0.3%

IJT opened at $155.92 on Thursday. iShares S&P Small-Cap 600 Growth ETF has a twelve month low of $112.84 and a twelve month high of $156.72. The company has a fifty day moving average of $148.99 and a 200-day moving average of $145.36. The stock has a market cap of $7.01 billion, a PE ratio of 20.21 and a beta of 1.05.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.6%.

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

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.