iShares Morningstar Growth ETF (NYSEARCA:ILCG) Shares Shorted: Short Interest Down 77.7% in October

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 18,960 shares, a drop of 77.7% from the September 30th total of 84,958 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 85,716 shares, the short-interest ratio is currently 0.2 days.

iShares Morningstar Growth ETF Stock Up 0.4%

Shares of NYSEARCA ILCG traded up $0.49 during trading on Wednesday, reaching $114.89. 53,009 shares of the stock were exchanged, compared to its average volume of 79,880. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. The business’s 50-day moving average price is $115.68 and its 200 day moving average price is $110.28. iShares Morningstar Growth ETF has a twelve month low of $91.26 and a twelve month high of $121.11.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in iShares Morningstar Growth ETF by 71.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,021,655 shares of the company’s stock worth $119,558,000 after buying an additional 424,099 shares in the last quarter. Cetera Investment Advisers boosted its position in iShares Morningstar Growth ETF by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 596,099 shares of the company’s stock valued at $56,916,000 after buying an additional 67,654 shares during the last quarter. FAS Wealth Partners Inc. boosted its position in iShares Morningstar Growth ETF by 1.1% in the 1st quarter. FAS Wealth Partners Inc. now owns 592,851 shares of the company’s stock valued at $56,605,000 after buying an additional 6,217 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of iShares Morningstar Growth ETF by 12.5% during the first quarter. Clearstead Trust LLC now owns 557,871 shares of the company’s stock valued at $53,265,000 after acquiring an additional 62,044 shares in the last quarter. Finally, GM Advisory Group LLC grew its stake in shares of iShares Morningstar Growth ETF by 6.8% during the first quarter. GM Advisory Group LLC now owns 356,056 shares of the company’s stock valued at $33,996,000 after acquiring an additional 22,811 shares in 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.