iShares Morningstar Small-Cap ETF (NYSEARCA:ISCB) Sees Large Drop in Short Interest

iShares Morningstar Small-Cap ETF (NYSEARCA:ISCB) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 5,500 shares, a decrease of 40.9% from the May 15th total of 9,300 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Morningstar Small-Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of ISCB. Jane Street Group LLC acquired a new position in iShares Morningstar Small-Cap ETF in the first quarter valued at $613,000. Jones Financial Companies Lllp grew its holdings in shares of iShares Morningstar Small-Cap ETF by 169.3% during the 1st quarter. Jones Financial Companies Lllp now owns 4,801 shares of the company’s stock worth $260,000 after purchasing an additional 3,018 shares during the period. Royal Bank of Canada raised its holdings in iShares Morningstar Small-Cap ETF by 49.1% in the first quarter. Royal Bank of Canada now owns 9,375 shares of the company’s stock valued at $508,000 after buying an additional 3,088 shares during the period. WPG Advisers LLC acquired a new position in shares of iShares Morningstar Small-Cap ETF during the 1st quarter valued at $88,000. Finally, Comerica Bank boosted its position in iShares Morningstar Small-Cap ETF by 30.3% during the 1st quarter. Comerica Bank now owns 929 shares of the company’s stock worth $50,000 after purchasing an additional 216 shares during the period.

iShares Morningstar Small-Cap ETF Trading Up 1.2%

ISCB traded up $0.65 during midday trading on Monday, hitting $56.84. The company’s stock had a trading volume of 3,870 shares, compared to its average volume of 6,751. The firm has a market cap of $230.20 million, a P/E ratio of 16.90 and a beta of 1.11. iShares Morningstar Small-Cap ETF has a 52-week low of $46.59 and a 52-week high of $64.66. The firm has a 50-day moving average price of $54.27 and a two-hundred day moving average price of $57.14.

About iShares Morningstar Small-Cap ETF

The iShares Morningstar Small-Cap ETF (ISCB) is an exchange-traded fund that is based on the Morningstar US Small Cap Extended index, a market-cap-weighted index of US small-cap stocks ISCB was launched on Jun 28, 2004 and is managed by BlackRock.