iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Significant Decline in Short Interest

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 32,256 shares, a decrease of 35.8% from the February 26th total of 50,249 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 257,604 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 6.0% during the 4th quarter. Brighton Jones LLC now owns 7,688 shares of the company’s stock valued at $835,000 after purchasing an additional 436 shares during the last quarter. AQR Capital Management LLC lifted its stake in iShares S&P Small-Cap 600 Value ETF by 189.9% in the first quarter. AQR Capital Management LLC now owns 7,247 shares of the company’s stock worth $706,000 after purchasing an additional 4,747 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in iShares S&P Small-Cap 600 Value ETF by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 188,181 shares of the company’s stock valued at $18,344,000 after buying an additional 15,669 shares during the period. Jane Street Group LLC boosted its position in iShares S&P Small-Cap 600 Value ETF by 751.6% during the first quarter. Jane Street Group LLC now owns 26,400 shares of the company’s stock valued at $2,573,000 after buying an additional 23,300 shares during the period. Finally, AlphaCore Capital LLC grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 49.3% during the second quarter. AlphaCore Capital LLC now owns 333 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the last quarter. 71.86% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NYSEARCA IJS opened at $116.54 on Monday. The stock’s 50-day moving average is $121.40 and its 200 day moving average is $115.81. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 13.92 and a beta of 1.08. iShares S&P Small-Cap 600 Value ETF has a 1-year low of $82.10 and a 1-year high of $127.85.

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.