iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Decline in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 16,147 shares, a decrease of 71.7% from the January 29th total of 56,991 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 94,743 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 94,743 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in iShares Morningstar Growth ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock valued at $143,695,000 after buying an additional 86,680 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Morningstar Growth ETF by 794.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock valued at $83,460,000 after acquiring an additional 712,505 shares during the period. Wells Fargo & Company MN raised its position in iShares Morningstar Growth ETF by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 718,042 shares of the company’s stock worth $74,705,000 after purchasing an additional 41,028 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in iShares Morningstar Growth ETF by 2.3% during the second quarter. FAS Wealth Partners Inc. now owns 598,563 shares of the company’s stock worth $58,001,000 after purchasing an additional 13,236 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in iShares Morningstar Growth ETF by 6.9% during the fourth quarter. Cetera Investment Advisers now owns 528,445 shares of the company’s stock valued at $54,979,000 after purchasing an additional 33,948 shares in the last quarter.

iShares Morningstar Growth ETF Trading Down 1.2%

iShares Morningstar Growth ETF stock traded down $1.19 during mid-day trading on Thursday, hitting $102.05. 155,106 shares of the company’s stock were exchanged, compared to its average volume of 89,508. iShares Morningstar Growth ETF has a 1-year low of $69.47 and a 1-year high of $109.22. The stock has a 50 day moving average of $103.75 and a two-hundred day moving average of $103.48. The stock has a market cap of $2.89 billion, a P/E ratio of 38.10 and a beta of 1.16.

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.