Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Increases By 757.8%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 65,064 shares, a growth of 757.8% from the May 31st total of 7,585 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 25,666 shares, the short-interest ratio is currently 2.5 days.

iShares Morningstar Value ETF Price Performance

NYSEARCA:ILCV opened at $100.37 on Friday. The company’s fifty day moving average price is $100.15 and its 200-day moving average price is $97.12. iShares Morningstar Value ETF has a 1-year low of $82.19 and a 1-year high of $102.60. The firm has a market capitalization of $1.25 billion, a P/E ratio of 19.33 and a beta of 0.81.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Morningstar Value ETF during the 1st quarter valued at about $605,000. Jones Financial Companies Lllp boosted its stake in shares of 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 worth $276,000 after buying an additional 2,892 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of iShares Morningstar Value ETF by 509.3% in the first quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock worth $1,753,000 after buying an additional 17,988 shares during the last quarter. Creative Planning grew its holdings in iShares Morningstar Value ETF by 9.7% during the second quarter. Creative Planning now owns 5,105 shares of the company’s stock worth $426,000 after acquiring an additional 453 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in 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 worth $34,273,000 after acquiring an additional 7,955 shares during the period.

About iShares Morningstar Value ETF

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.