Short Interest in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Declines By 58.4%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 632 shares, a decrease of 58.4% from the July 15th total of 1,521 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,282 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ILCB. Northwestern Mutual Wealth Management Co. raised its position in iShares Morningstar U.S. Equity ETF by 1,164.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock valued at $22,345,000 after acquiring an additional 218,027 shares in the last quarter. Royal Bank of Canada raised its stake in iShares Morningstar U.S. Equity ETF by 163.2% in the 1st quarter. Royal Bank of Canada now owns 117,728 shares of the company’s stock valued at $10,579,000 after purchasing an additional 73,004 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at about $3,563,000. LPL Financial LLC raised its holdings in iShares Morningstar U.S. Equity ETF by 18.9% in the 4th quarter. LPL Financial LLC now owns 246,468 shares of the company’s stock valued at $23,262,000 after acquiring an additional 39,225 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at approximately $3,124,000.

iShares Morningstar U.S. Equity ETF Trading Down 0.2%

Shares of NYSEARCA ILCB traded down $0.20 during midday trading on Friday, reaching $107.67. The company had a trading volume of 7,696 shares, compared to its average volume of 17,655. The business’s 50-day simple moving average is $103.81 and its 200 day simple moving average is $99.03. iShares Morningstar U.S. Equity ETF has a 1 year low of $86.96 and a 1 year high of $108.11. The stock has a market cap of $1.32 billion, a P/E ratio of 26.16 and a beta of 1.04.

About iShares Morningstar U.S. Equity ETF

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.