Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Declines By 38.1%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a significant drop in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 31,033 shares, the short-interest ratio is presently 0.9 days.

iShares Morningstar Value ETF Stock Performance

NYSEARCA:ILCV opened at $101.74 on Wednesday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a one year low of $80.65 and a one year high of $102.16. The stock has a 50-day simple moving average of $97.46 and a 200 day simple moving average of $96.11.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in 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 last quarter. IFP Advisors Inc lifted its holdings in iShares Morningstar Value ETF by 75.1% in the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after acquiring an additional 160 shares during the last quarter. Silicon Valley Capital Partners bought a new position in iShares Morningstar Value ETF in the third quarter worth about $51,000. Capital Investment Advisory Services LLC bought a new position in iShares Morningstar Value ETF in the fourth quarter worth about $66,000. Finally, Caitlin John LLC bought a new position in iShares Morningstar Value ETF in the third quarter worth about $72,000.

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.