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

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 303,200 shares, an increase of 82.7% from the July 15th total of 166,000 shares. Based on an average daily volume of 365,200 shares, the days-to-cover ratio is presently 0.8 days.

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

Shares of iShares Core S&P U.S. Growth ETF stock opened at $127.05 on Friday. The company has a 50-day simple moving average of $126.54 and a two-hundred day simple moving average of $119.37. The stock has a market capitalization of $18.89 billion, a PE ratio of 27.75 and a beta of 1.06. iShares Core S&P U.S. Growth ETF has a 52-week low of $90.71 and a 52-week high of $133.65.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.1445 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.58 dividend on an annualized basis and a yield of 0.45%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. grew its position in shares of iShares Core S&P U.S. Growth ETF by 4.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,619 shares of the company’s stock valued at $716,000 after acquiring an additional 260 shares during the period. NewEdge Advisors LLC raised its holdings in iShares Core S&P U.S. Growth ETF by 26.3% during the second quarter. NewEdge Advisors LLC now owns 32,670 shares of the company’s stock valued at $4,165,000 after acquiring an additional 6,794 shares during the period. Elevation Capital Advisory LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the second quarter valued at about $306,000. Creative Planning raised its stake in iShares Core S&P U.S. Growth ETF by 7.5% during the 2nd quarter. Creative Planning now owns 67,406 shares of the company’s stock valued at $8,593,000 after purchasing an additional 4,724 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in iShares Core S&P U.S. Growth ETF in the 2nd quarter worth approximately $3,954,000.

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.