iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Significant Growth in Short Interest

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 111,500 shares, an increase of 89.0% from the February 28th total of 59,000 shares. Based on an average daily trading volume, of 602,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atala Financial Inc purchased a new position in iShares Core S&P U.S. Growth ETF in the fourth quarter valued at about $25,000. Transce3nd LLC purchased a new stake in shares of iShares Core S&P U.S. Growth ETF during the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in iShares Core S&P U.S. Growth ETF during the 4th quarter worth approximately $34,000. Mogy Joel R Investment Counsel Inc. lifted its position in iShares Core S&P U.S. Growth ETF by 316.7% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 250 shares of the company’s stock worth $35,000 after acquiring an additional 190 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of iShares Core S&P U.S. Growth ETF during the fourth quarter valued at approximately $36,000.

iShares Core S&P U.S. Growth ETF Stock Performance

IUSG stock traded down $3.06 during trading on Friday, hitting $127.02. The stock had a trading volume of 1,787,970 shares, compared to its average volume of 633,722. iShares Core S&P U.S. Growth ETF has a 1-year low of $109.63 and a 1-year high of $146.99. The company’s 50 day moving average price is $138.27 and its two-hundred day moving average price is $137.22. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 29.58 and a beta of 1.06.

iShares Core S&P U.S. Growth ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a $0.1767 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

About iShares Core S&P U.S. Growth ETF

The iShares Core S&P U.S. Growth ETF (IUSG) is an exchange-traded fund that is based on the S&P 900 Growth index. The fund tracks an index of US large- and mid-cap growth stocks. The index selects from stocks ranked 1-3000 by market cap based on fundamental growth factors. IUSG was launched on Jul 24, 2000 and is managed by BlackRock.