Short Interest in iShares Morningstar Growth ETF (NYSEARCA:ILCG) Grows By 138.6%

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 107,310 shares, a growth of 138.6% from the June 30th total of 44,984 shares. Based on an average trading volume of 92,528 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the company’s shares are sold short.

iShares Morningstar Growth ETF Stock Performance

iShares Morningstar Growth ETF stock opened at $110.98 on Tuesday. The firm has a 50-day moving average of $115.23 and a 200-day moving average of $107.73. The firm has a market cap of $3.09 billion, a P/E ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a 1-year low of $91.26 and a 1-year high of $120.57.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in iShares Morningstar Growth ETF by 1.7% in the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock worth $6,878,000 after acquiring an additional 1,444 shares during the period. Goldman Sachs Group Inc. increased its position in iShares Morningstar Growth ETF by 11.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after purchasing an additional 710 shares during the period. Marshall Wace LLP bought a new position in iShares Morningstar Growth ETF in the 2nd quarter worth $740,000. Brown Advisory Inc. bought a new position in iShares Morningstar Growth ETF in the 2nd quarter worth $296,000. Finally, Cerity Partners LLC purchased a new stake in shares of iShares Morningstar Growth ETF in the 2nd quarter worth about $239,000.

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.