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IJJ · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is iShares S&P Mid-Cap 400 Value ETF (IJJ) stock moving?
No news items or SEC filings were found for IJJ in the relevant window, so the analysis rests on the price and volume data alone. The ETF closed at 146.95 on Nov 10, up about 2.1% from 143.96 on Oct 22. Over the period it traded in a roughly 142.2 to 149.5 range. The Oct 30 session printed 401,809 shares, about two to three times the typical volume, while the price moved little, which may reflect index or rebalancing flows rather than a directional signal. On Nov 5 the ETF reached an intraday high of 149.54 but reversed to close at 143.39 on 272,231 shares and 3,319 trades, the highest trade count in the sample, which points to heavy selling into strength. The Nov 6 low of 142.29 held, and the price recovered to about 147 by Nov 9 and 10 on steady volume. Taken together, the price is holding in its upper range after a sharp reversal, but with no catalyst identified, the evidence supports only a neutral view.
About iShares S&P Mid-Cap 400 Value ETF
IJJ is a BlackRock iShares fund, launched in July 2000, that holds around 300 medium-sized US companies with value characteristics. It follows the value half of the S&P MidCap 400 index, which means it holds lower-priced mid-caps (measured by things like book value, earnings and sales), and it has net assets of roughly $8–9 billion.
How the fund works
The fund tracks the S&P MidCap 400 Value Index without any leverage. It uses representative sampling, so it may not hold every stock in the index. S&P Dow Jones Indices decides which stocks from the S&P MidCap 400 qualify as value based on book value, earnings and sales, and the index is rebalanced from time to time. The expense ratio is about 0.18% a year. The fund pays dividends quarterly and yields roughly 1.5–1.7%. Its biggest sectors are financials (roughly 20%+), industrials, consumer cyclicals, technology and real estate, so it is sensitive to economic and interest-rate cycles.
What usually moves IJJ
- US economic growth and recession fears
- Interest rates and bank/credit conditions
- Value vs. growth style rotation
- Mid-cap and small-cap investor sentiment
- Earnings of financials and industrials