iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Significant Growth in Short Interest

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 221,087 shares, a growth of 118.3% from the June 15th total of 101,283 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 271,673 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 21.5% in the 4th quarter. Brighton Jones LLC now owns 7,269 shares of the company’s stock worth $661,000 after buying an additional 1,285 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 242.9% during the 1st quarter. AQR Capital Management LLC now owns 11,075 shares of the company’s stock worth $922,000 after acquiring an additional 7,845 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 123.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 398 shares of the company’s stock worth $36,000 after acquiring an additional 220 shares during the last quarter. Glenview Trust co grew its position in iShares S&P Mid-Cap 400 Growth ETF by 8.0% in the second quarter. Glenview Trust co now owns 7,537 shares of the company’s stock worth $686,000 after acquiring an additional 557 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in iShares S&P Mid-Cap 400 Growth ETF in the second quarter worth $918,000. 67.99% of the stock is owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Growth ETF Trading Down 0.3%

Shares of IJK opened at $113.12 on Friday. The company has a market cap of $10.83 billion, a PE ratio of 22.45 and a beta of 1.05. The stock has a 50-day moving average price of $113.75 and a 200-day moving average price of $107.28. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $90.44 and a 12-month high of $117.60.

About iShares S&P Mid-Cap 400 Growth ETF

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth 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 MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 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.