Short Interest in iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Increases By 69.2%

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 26,143 shares, an increase of 69.2% from the April 30th total of 15,447 shares. Based on an average daily volume of 9,158 shares, the short-interest ratio is presently 2.9 days. Approximately 0.3% of the company’s shares are sold short.

iShares Morningstar Small-Cap Value ETF Stock Performance

Shares of NYSEARCA:ISCV traded down $0.25 during midday trading on Wednesday, reaching $75.29. The company had a trading volume of 1,080 shares, compared to its average volume of 15,196. The company has a fifty day simple moving average of $72.68 and a two-hundred day simple moving average of $71.23. The firm has a market cap of $655.02 million, a price-to-earnings ratio of 13.52 and a beta of 1.00. iShares Morningstar Small-Cap Value ETF has a 1-year low of $59.28 and a 1-year high of $75.77.

Institutional Investors Weigh In On iShares Morningstar Small-Cap Value ETF

Several hedge funds have recently made changes to their positions in ISCV. Exchange Traded Concepts LLC grew its position in iShares Morningstar Small-Cap Value ETF by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 908,467 shares of the company’s stock worth $62,230,000 after purchasing an additional 101,072 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 4.5% in the third quarter. Focus Partners Wealth now owns 413,434 shares of the company’s stock valued at $27,524,000 after purchasing an additional 17,642 shares in the last quarter. VAUGHAN & Co SECURITIES INC. boosted its position in shares of iShares Morningstar Small-Cap Value ETF by 3.6% in the fourth quarter. VAUGHAN & Co SECURITIES INC. now owns 300,980 shares of the company’s stock worth $20,617,000 after buying an additional 10,322 shares during the period. Royal Bank of Canada boosted its position in shares of iShares Morningstar Small-Cap Value ETF by 51.1% in the first quarter. Royal Bank of Canada now owns 234,525 shares of the company’s stock worth $16,302,000 after buying an additional 79,297 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of iShares Morningstar Small-Cap Value ETF by 36.0% during the fourth quarter. LPL Financial LLC now owns 231,259 shares of the company’s stock valued at $15,841,000 after buying an additional 61,259 shares in the last quarter.

About iShares Morningstar Small-Cap Value ETF

The iShares Morningstar Small-Cap Value ETF (ISCV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap value stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s value style categorization. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.