iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 157,460 shares, a growth of 83.9% from the September 15th total of 85,602 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 154,838 shares, the short-interest ratio is currently 1.0 days.
iShares Morningstar Mid-Cap Growth ETF Stock Performance
Shares of IMCG traded down $1.45 during trading hours on Friday, hitting $93.57. 166,459 shares of the stock were exchanged, compared to its average volume of 127,434. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $75.67 and a 12-month high of $100.79. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. The stock’s 50-day moving average price is $96.41 and its two-hundred day moving average price is $93.41.
Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF
Hedge funds have recently modified their holdings of the business. Stanich Group LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 1.3% during the third quarter. Stanich Group LLC now owns 22,061 shares of the company’s stock worth $2,072,000 after acquiring an additional 290 shares during the last quarter. Neumann Capital Management LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $1,387,000. AdvisorNet Financial Inc acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $1,076,000. Triangle Securities Wealth Management acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $700,000. Finally, First Pacific Financial purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $26,608,000.
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.
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