iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Decrease in Short Interest

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,894 shares, a decline of 65.2% from the July 15th total of 31,333 shares. Based on an average daily volume of 20,671 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in iShares Morningstar Value ETF in the 1st quarter valued at $605,000. Jones Financial Companies Lllp boosted its position in iShares Morningstar Value ETF by 578.4% in the first quarter. Jones Financial Companies Lllp now owns 3,392 shares of the company’s stock valued at $276,000 after buying an additional 2,892 shares in the last quarter. Goldman Sachs Group Inc. grew its position in iShares Morningstar Value ETF by 509.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock worth $1,753,000 after acquiring an additional 17,988 shares during the last quarter. Creative Planning increased its stake in shares of iShares Morningstar Value ETF by 9.7% in the second quarter. Creative Planning now owns 5,105 shares of the company’s stock valued at $426,000 after buying an additional 453 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of iShares Morningstar Value ETF by 2.0% during the second quarter. Raymond James Financial Inc. now owns 410,991 shares of the company’s stock valued at $34,273,000 after acquiring an additional 7,955 shares during the last quarter.

iShares Morningstar Value ETF Stock Performance

ILCV remained flat at $108.15 on Friday. 16,102 shares of the company were exchanged, compared to its average volume of 38,531. iShares Morningstar Value ETF has a twelve month low of $86.12 and a twelve month high of $108.41. The firm’s fifty day simple moving average is $103.60 and its two-hundred day simple moving average is $99.45. The firm has a market cap of $1.36 billion, a PE ratio of 19.33 and a beta of 0.80.

iShares Morningstar Value ETF Company Profile

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