iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Significant Decline in Short Interest

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 88,644 shares, a decrease of 43.7% from the September 30th total of 157,460 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 131,682 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock valued at $74,324,000 after buying an additional 26,636 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $51,481,000. Bank of America Corp DE increased its position in iShares Morningstar Mid-Cap Growth ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 567,589 shares of the company’s stock valued at $44,709,000 after acquiring an additional 15,572 shares in the last quarter. Victory Financial Group LLC increased its position in iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 3rd quarter. Victory Financial Group LLC now owns 444,213 shares of the company’s stock valued at $41,707,000 after acquiring an additional 13,294 shares in the last quarter. Finally, Baer Investment Advisory LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the first quarter worth about $34,027,000.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IMCG traded down $0.01 during trading on Monday, reaching $93.21. The stock had a trading volume of 165,188 shares, compared to its average volume of 127,841. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $75.67 and a 52 week high of $100.79. The business’s 50-day moving average price is $95.40 and its 200 day moving average price is $90.54. The stock has a market capitalization of $4.03 billion, a PE ratio of 28.77 and a beta of 1.13.

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.