Short Interest in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Drops By 31.1%

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 74,004 shares, a decline of 31.1% from the March 15th total of 107,434 shares. Based on an average daily volume of 165,907 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA:IMCG opened at $84.66 on Tuesday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $65.78 and a 1-year high of $84.76. The company has a 50 day moving average price of $81.57 and a 200 day moving average price of $81.62.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Large investors have recently modified their holdings of the stock. Financial Consulate Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth $25,000. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth about $29,000. Dagco Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth about $30,000. Finally, Windsor Advisory Group LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $31,000.

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.