Short Interest in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Expands By 279.0%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,774 shares, an increase of 279.0% from the May 14th total of 2,843 shares. Based on an average trading volume of 10,834 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of NYSEARCA ILCB traded up $0.50 during mid-day trading on Friday, hitting $102.77. The stock had a trading volume of 5,955 shares, compared to its average volume of 19,104. iShares Morningstar U.S. Equity ETF has a twelve month low of $82.30 and a twelve month high of $105.39. The firm has a market cap of $1.26 billion, a PE ratio of 26.16 and a beta of 1.02. The company has a 50 day moving average of $99.92 and a two-hundred day moving average of $96.14.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Several hedge funds have recently added to or reduced their stakes in ILCB. Royal Bank of Canada boosted its holdings in iShares Morningstar U.S. Equity ETF by 11.5% in the first quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock valued at $3,683,000 after purchasing an additional 4,906 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $214,000. Goldman Sachs Group Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $3,563,000. Jane Street Group LLC boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 76.8% during the 1st quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock worth $514,000 after acquiring an additional 2,893 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $273,000.

iShares Morningstar U.S. Equity ETF Company Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.