Short Interest in iShares Morningstar Growth ETF (NYSEARCA:ILCG) Drops By 38.0%

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 38,005 shares, a drop of 38.0% from the November 30th total of 61,281 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 108,813 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 108,813 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Morningstar Growth ETF Stock Down 0.2%

ILCG stock traded down $0.22 during mid-day trading on Tuesday, hitting $104.85. The company had a trading volume of 42,093 shares, compared to its average volume of 90,176. The company has a 50-day moving average price of $104.44 and a 200 day moving average price of $101.76. iShares Morningstar Growth ETF has a 12-month low of $69.47 and a 12-month high of $109.22. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ILCG. Optivise Advisory Services LLC lifted its position in iShares Morningstar Growth ETF by 1.2% in the second quarter. Optivise Advisory Services LLC now owns 10,169 shares of the company’s stock worth $985,000 after buying an additional 117 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in iShares Morningstar Growth ETF by 1.4% during the third quarter. Integrated Wealth Concepts LLC now owns 9,343 shares of the company’s stock valued at $974,000 after acquiring an additional 128 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of iShares Morningstar Growth ETF by 0.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 15,177 shares of the company’s stock valued at $1,471,000 after acquiring an additional 136 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of iShares Morningstar Growth ETF by 3.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,464 shares of the company’s stock worth $466,000 after acquiring an additional 152 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. lifted its holdings in shares of iShares Morningstar Growth ETF by 0.7% in the 2nd quarter. Greykasell Wealth Strategies Inc. now owns 29,382 shares of the company’s stock worth $2,847,000 after acquiring an additional 201 shares during the last quarter.

About iShares Morningstar Growth ETF

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.