iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Short Interest Update

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 66,031 shares, an increase of 72.9% from the May 14th total of 38,183 shares. Based on an average daily volume of 77,245 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s stock are short sold.

iShares Morningstar Mid-Cap Growth ETF Stock Up 2.4%

iShares Morningstar Mid-Cap Growth ETF stock traded up $2.28 during midday trading on Monday, hitting $96.85. 78,740 shares of the stock were exchanged, compared to its average volume of 126,303. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.67 and a 52-week high of $97.02. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14. The business’s 50-day moving average price is $88.91 and its 200-day moving average price is $84.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMCG. Eagle Strategies LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 8.5% during the fourth quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after acquiring an additional 11,806 shares in the last quarter. Marino Stram & Associates LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 11.3% during the fourth quarter. Marino Stram & Associates LLC now owns 63,437 shares of the company’s stock valued at $5,065,000 after acquiring an additional 6,435 shares in the last quarter. Leo Wealth LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $2,863,000. PFG Advisors purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $3,182,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in iShares Morningstar Mid-Cap Growth ETF by 7.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 129,827 shares of the company’s stock worth $10,365,000 after buying an additional 8,822 shares in the last quarter.

About iShares Morningstar Mid-Cap Growth ETF

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.