Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Drops By 71.8%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,585 shares, a drop of 71.8% from the May 14th total of 26,895 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,246 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds have recently made changes to their positions in ILCV. PNC Financial Services Group Inc. boosted its stake in shares of iShares Morningstar Value ETF by 212.2% in the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after acquiring an additional 208 shares during the period. IFP Advisors Inc raised its position in shares of iShares Morningstar Value ETF by 75.1% during the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after buying an additional 160 shares during the last quarter. Silicon Valley Capital Partners bought a new stake in shares of iShares Morningstar Value ETF during the third quarter valued at approximately $51,000. Capital Investment Advisory Services LLC bought a new stake in shares of iShares Morningstar Value ETF during the fourth quarter valued at approximately $66,000. Finally, Caitlin John LLC purchased a new position in shares of iShares Morningstar Value ETF during the third quarter valued at about $72,000.

iShares Morningstar Value ETF Price Performance

Shares of ILCV stock traded up $1.21 on Thursday, hitting $101.22. 16,565 shares of the stock traded hands, compared to its average volume of 44,426. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a 52 week low of $80.65 and a 52 week high of $102.32. The firm has a 50 day simple moving average of $98.70 and a two-hundred day simple moving average of $96.57.

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.