iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Shares Shorted: Short Interest Down 56.0% in September

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 83,518 shares, a drop of 56.0% from the August 31st total of 189,751 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 358,758 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Global Investments raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 2.6% during the first quarter. Summit Global Investments now owns 3,164 shares of the company’s stock valued at $375,000 after acquiring an additional 79 shares during the last quarter. Serenity Investment Advisors boosted its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 1.3% during the first quarter. Serenity Investment Advisors now owns 6,312 shares of the company’s stock worth $817,000 after purchasing an additional 80 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 1.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 9,799 shares of the company’s stock worth $1,115,000 after purchasing an additional 98 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 5.2% in the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $287,000 after purchasing an additional 105 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its holdings in iShares S&P Small-Cap 600 Value ETF by 2.0% during the 4th quarter. Pure Financial Advisors LLC now owns 5,585 shares of the company’s stock valued at $635,000 after purchasing an additional 110 shares during the period. Institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Price Performance

iShares S&P Small-Cap 600 Value ETF stock traded down $1.01 during mid-day trading on Monday, hitting $129.47. The company’s stock had a trading volume of 238,585 shares, compared to its average volume of 399,087. The business has a 50 day moving average price of $136.24 and a 200-day moving average price of $130.75. iShares S&P Small-Cap 600 Value ETF has a 12 month low of $104.63 and a 12 month high of $141.18. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99.

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

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.