Significant Short Interest Increase in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

The iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) experienced a notable increase in short interest during November. As of November 15th, the total short interest rose to 93,500 shares, reflecting a substantial increase of 139.7% compared to the 39,000 shares reported on October 31st. Given an average daily trading volume of 122,200 shares, the current short-interest ratio stands at 0.8 days.

Current Performance of iShares S&P Small-Cap 600 Growth ETF

On the trading floor, IJT shares opened at $149.53 on the last Friday of November. The ETF boasts a market capitalization of $6.99 billion, a price-to-earnings (P/E) ratio of 14.69, and a beta of 1.13. Over the past few months, the business’s 50-day moving average was $140.80, while the 200-day moving average stood at $135.34. The ETF has experienced a range over the past year with a low of $111.21 and a high of $152.05.

Dividend Announcement Details

Recently, the iShares S&P Small-Cap 600 Growth ETF announced a dividend that was disbursed on September 30th. Shareholders on record as of September 25th received a dividend payout of $0.5237. The ex-dividend date also fell on September 25th.

Recent Institutional Investment Trends

In the latest reports, several institutional investors have altered their positions in the iShares S&P Small-Cap 600 Growth ETF. International Assets Investment Management LLC entered a new investment in the ETF during the second quarter, valued at around $27,000. Similarly, Thurston Springer Miller Herd & Titak Inc. acquired a stake worth $31,000 in the same period. Cedar Mountain Advisors LLC followed suit with a new investment of $33,000, while Legacy Bridge LLC increased its holdings by an impressive 73.5% during the third quarter, owning 236 shares valued at $33,000 after adding 100 shares. Additionally, HHM Wealth Advisors LLC also initiated a new position valued at $34,000. Institutionally, hedge funds and other investment firms collectively hold about 55.81% of the ETF’s stock.

About iShares S&P Small-Cap 600 Growth ETF

The iShares S&P Small-Cap 600 Growth ETF, previously known as the iShares S&P SmallCap 600 Growth Index Fund, aims to provide investment performance that generally corresponds to the price and yield of the S&P SmallCap 600 Growth Index. This index focuses on the small-capitalization growth sector of the U.S. equity market, encompassing stocks that display strong growth characteristics.

iShares, ETF, Short, Interest, Investment