Short Interest in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Increases By 242.9%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 27,353 shares, a growth of 242.9% from the June 15th total of 7,977 shares. Based on an average daily volume of 11,739 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in iShares Morningstar U.S. Equity ETF by 11.5% during the first quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock worth $3,683,000 after acquiring an additional 4,906 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter worth approximately $214,000. Goldman Sachs Group Inc. bought a new position in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter valued at approximately $3,563,000. Jane Street Group LLC increased its position in shares of iShares Morningstar U.S. Equity ETF by 76.8% during the 1st quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock valued at $514,000 after purchasing an additional 2,893 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter valued at approximately $273,000.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of NYSEARCA:ILCB traded up $0.45 on Tuesday, reaching $104.30. The company’s stock had a trading volume of 8,314 shares, compared to its average volume of 18,811. iShares Morningstar U.S. Equity ETF has a 52-week low of $85.94 and a 52-week high of $105.39. The company has a market cap of $1.28 billion, a P/E ratio of 26.16 and a beta of 1.01. The company has a 50-day simple moving average of $103.03 and a 200 day simple moving average of $97.48.

iShares Morningstar U.S. Equity ETF Company Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.