iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Significant Drop in Short Interest

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,894 shares, a drop of 65.2% from the July 15th total of 31,333 shares. Based on an average daily volume of 20,671 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

iShares Morningstar Value ETF Price Performance

NYSEARCA:ILCV remained flat at $108.15 during midday trading on Friday. 16,102 shares of the company were exchanged, compared to its average volume of 38,531. The firm has a market capitalization of $1.36 billion, a PE ratio of 19.33 and a beta of 0.80. The business has a 50 day moving average of $103.60 and a two-hundred day moving average of $99.45. iShares Morningstar Value ETF has a 52 week low of $86.12 and a 52 week high of $108.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ILCV. PNC Financial Services Group Inc. lifted its holdings in iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares during the period. IFP Advisors Inc increased its stake 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 period. Silicon Valley Capital Partners purchased a new position in shares of iShares Morningstar Value ETF during the third quarter valued at approximately $51,000. Advisory Services Network LLC bought a new stake in iShares Morningstar Value ETF in the third quarter valued at $97,000. Finally, Arax Advisory Partners bought a new stake in iShares Morningstar Value ETF in the fourth quarter valued at $126,000.

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.