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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 123,092 shares, an increase of 51.9% from the January 29th total of 81,027 shares. Based on an average daily trading volume, of 164,771 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 164,771 shares, the days-to-cover ratio is currently 0.7 days.

iShares Morningstar Mid-Cap Growth ETF Price Performance

IMCG stock opened at $84.27 on Friday. The firm has a market capitalization of $3.28 billion, a P/E ratio of 28.77 and a beta of 1.12. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $61.65 and a 52-week high of $84.74. The company’s 50 day simple moving average is $82.45 and its 200-day simple moving average is $81.85.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

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

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.