iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Short Interest Down 42.4% in May

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 102,763 shares, a drop of 42.4% from the April 30th total of 178,541 shares. Based on an average daily volume of 223,690 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Value ETF

Hedge funds have recently bought and sold shares of the company. Merrithew & Thorsten Inc purchased a new stake in iShares S&P Small-Cap 600 Value ETF during the fourth quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at $26,000. Assetmark Inc. raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 138.8% during the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Accredited Wealth Management LLC raised its stake in shares of iShares S&P Small-Cap 600 Value ETF by 409.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 265 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the 4th quarter worth about $30,000. 71.86% of the stock is owned by hedge funds and other institutional investors.

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

IJS traded up $1.56 on Thursday, hitting $132.25. 103,025 shares of the company were exchanged, compared to its average volume of 499,225. iShares S&P Small-Cap 600 Value ETF has a fifty-two week low of $95.89 and a fifty-two week high of $132.66. The firm has a market capitalization of $8.09 billion, a P/E ratio of 13.92 and a beta of 1.01. The business’s fifty day moving average is $125.81 and its 200 day moving average is $120.92.

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.