Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Rises By 82.8%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 5,392 shares, a growth of 82.8% from the August 15th total of 2,950 shares. Based on an average trading volume of 15,640 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

iShares Morningstar Value ETF Trading Up 0.7%

ILCV stock traded up $0.74 during midday trading on Thursday, hitting $107.11. 30,071 shares of the company’s stock were exchanged, compared to its average volume of 35,793. iShares Morningstar Value ETF has a 1-year low of $88.03 and a 1-year high of $109.57. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.33 and a beta of 0.81. The business has a 50-day simple moving average of $106.54 and a two-hundred day simple moving average of $101.22.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ILCV. Matrix Trust Co raised its stake in shares of iShares Morningstar Value ETF by 0.7% in the 2nd quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock valued at $67,930,000 after acquiring an additional 4,585 shares during the period. Security Financial Services INC. boosted its position in shares of iShares Morningstar Value ETF by 87.8% during the 1st quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock worth $522,000 after purchasing an additional 2,621 shares during the period. Ashton Thomas Securities LLC acquired a new stake in iShares Morningstar Value ETF in the 1st quarter valued at approximately $2,630,000. Arkadios Wealth Advisors purchased a new stake in iShares Morningstar Value ETF in the first quarter valued at approximately $447,000. Finally, Royal Bank of Canada raised its position in iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock valued at $20,282,000 after purchasing an additional 2,706 shares during the period.

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.