iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Significant Increase in Short Interest

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 123,092 shares, a growth of 51.9% from the January 29th total of 81,027 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 164,771 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 164,771 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Willner & Heller LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the fourth quarter. Willner & Heller LLC now owns 10,180 shares of the company’s stock valued at $813,000 after acquiring an additional 126 shares during the period. PCA Investment Advisory Services Inc. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 0.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock valued at $1,683,000 after purchasing an additional 132 shares during the period. Russell Investments Group Ltd. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 29.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock valued at $49,000 after purchasing an additional 139 shares during the period. Truepoint Inc. grew its position in iShares Morningstar Mid-Cap Growth ETF by 1.6% in the 4th quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock worth $773,000 after purchasing an additional 148 shares during the last quarter. Finally, McAdam LLC increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 0.8% during the 3rd quarter. McAdam LLC now owns 19,715 shares of the company’s stock worth $1,631,000 after purchasing an additional 152 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

IMCG stock opened at $84.27 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The company has a 50-day moving average of $82.45 and a two-hundred day moving average of $81.85. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $61.65 and a 52-week high of $84.74.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.