iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Significant Decrease in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 17,462 shares, a decline of 75.5% from the April 30th total of 71,403 shares. Based on an average daily volume of 89,656 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ILCG. Assetmark Inc. increased its stake in iShares Morningstar Growth ETF by 60.9% in the third quarter. Assetmark Inc. now owns 16,028 shares of the company’s stock valued at $1,672,000 after acquiring an additional 6,068 shares during the period. Citigroup Inc. increased its stake in iShares Morningstar Growth ETF by 19.6% in the third quarter. Citigroup Inc. now owns 40,344 shares of the company’s stock valued at $4,208,000 after acquiring an additional 6,617 shares during the period. Invested Advisors bought a new stake in iShares Morningstar Growth ETF in the fourth quarter valued at about $581,000. JPMorgan Chase & Co. increased its stake in iShares Morningstar Growth ETF by 22.5% in the third quarter. JPMorgan Chase & Co. now owns 376,531 shares of the company’s stock valued at $39,272,000 after acquiring an additional 69,279 shares during the period. Finally, Asempa Wealth Advisors bought a new stake in iShares Morningstar Growth ETF in the fourth quarter valued at about $2,519,000.

iShares Morningstar Growth ETF Trading Up 0.5%

iShares Morningstar Growth ETF stock traded up $0.64 on Friday, reaching $118.88. 35,055 shares of the stock were exchanged, compared to its average volume of 88,041. The stock has a market cap of $3.16 billion, a PE ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a twelve month low of $89.92 and a twelve month high of $119.08. The firm has a fifty day moving average price of $106.69 and a two-hundred day moving average price of $104.41.

iShares Morningstar Growth ETF Company Profile

The iShares Morningstar Growth ETF (ILCG) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of growth stocks, selected from the top 90% of the US market-cap spectrum. ILCG was launched on Jun 28, 2004 and is managed by BlackRock.