iShares Morningstar Value ETF (NYSEARCA:ILCV – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 26,895 shares, a drop of 38.1% from the April 30th total of 43,475 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 31,033 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after purchasing an additional 208 shares in the last quarter. IFP Advisors Inc increased its holdings in iShares Morningstar Value ETF by 75.1% in the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after purchasing an additional 160 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in iShares Morningstar Value ETF in the 3rd quarter valued at $51,000. Capital Investment Advisory Services LLC acquired a new stake in iShares Morningstar Value ETF in the 4th quarter valued at $66,000. Finally, Caitlin John LLC acquired a new stake in iShares Morningstar Value ETF in the 3rd quarter valued at $72,000.
iShares Morningstar Value ETF Trading Up 0.4%
Shares of ILCV opened at $101.74 on Wednesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 19.33 and a beta of 0.81. The stock’s fifty day simple moving average is $97.46 and its 200 day simple moving average is $96.11. iShares Morningstar Value ETF has a twelve month low of $80.65 and a twelve month high of $102.16.
About iShares Morningstar Value ETF
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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