iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Drop in Short Interest

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 785 shares, a decline of 37.2% from the August 15th total of 1,250 shares. Based on an average trading volume of 12,772 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in iShares Morningstar U.S. Equity ETF by 1,164.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock worth $22,345,000 after purchasing an additional 218,027 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 4.9% in the 1st quarter. Cetera Investment Advisers now owns 218,649 shares of the company’s stock valued at $19,648,000 after buying an additional 10,298 shares during the period. Royal Bank of Canada lifted its holdings in iShares Morningstar U.S. Equity ETF by 163.2% in the first quarter. Royal Bank of Canada now owns 117,728 shares of the company’s stock valued at $10,579,000 after acquiring an additional 73,004 shares during the period. Bank of America Corp DE boosted its holdings in iShares Morningstar U.S. Equity ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 114,117 shares of the company’s stock worth $10,255,000 after buying an additional 13,157 shares in the last quarter. Finally, Corient Private Wealth LP boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 0.3% during the 2nd quarter. Corient Private Wealth LP now owns 96,203 shares of the company’s stock worth $9,971,000 after acquiring an additional 291 shares in the last quarter.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of NYSEARCA:ILCB traded up $0.28 during trading hours on Wednesday, reaching $104.91. The stock had a trading volume of 733 shares, compared to its average volume of 16,789. The firm’s 50 day moving average is $105.26 and its 200-day moving average is $100.77. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.16 and a beta of 1.02. iShares Morningstar U.S. Equity ETF has a 1 year low of $86.96 and a 1 year high of $108.11.

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.