iShares Morningstar Value ETF (NYSEARCA:ILCV – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 65,064 shares, a growth of 757.8% from the May 31st total of 7,585 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 25,666 shares, the days-to-cover ratio is presently 2.5 days.
iShares Morningstar Value ETF Trading Up 0.5%
Shares of ILCV traded up $0.53 during mid-day trading on Friday, hitting $100.90. 31,036 shares of the company traded hands, compared to its average volume of 42,951. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The business has a 50-day moving average of $100.23 and a 200 day moving average of $97.15. iShares Morningstar Value ETF has a one year low of $82.54 and a one year high of $102.60.
Institutional Investors Weigh In On iShares Morningstar Value ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Equitable Holdings Inc. lifted its stake in shares of iShares Morningstar Value ETF by 2.9% during the second quarter. Equitable Holdings Inc. now owns 904,531 shares of the company’s stock valued at $75,429,000 after acquiring an additional 25,171 shares during the period. Bank of America Corp DE increased its position in iShares Morningstar Value ETF by 1.7% in the third quarter. Bank of America Corp DE now owns 825,721 shares of the company’s stock worth $74,331,000 after purchasing an additional 13,548 shares during the period. Steele Capital Management Inc. raised its holdings in iShares Morningstar Value ETF by 1.0% during the 4th quarter. Steele Capital Management Inc. now owns 670,081 shares of the company’s stock worth $63,229,000 after purchasing an additional 6,822 shares during the last quarter. Matrix Trust Co raised its holdings in iShares Morningstar Value ETF by 0.8% during the 4th quarter. Matrix Trust Co now owns 666,393 shares of the company’s stock worth $62,881,000 after purchasing an additional 5,283 shares during the last quarter. Finally, UBS Group AG lifted its position in iShares Morningstar Value ETF by 7.9% during the 3rd quarter. UBS Group AG now owns 536,027 shares of the company’s stock valued at $48,253,000 after purchasing an additional 39,138 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.
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