iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Stock Short Interest Climbs 862.8%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,558 shares, a growth of 862.8% from the August 31st total of 785 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,543 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of institutional investors have recently modified their holdings of the business. Compass Financial Management LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF in the second quarter valued at about $43,000. Western Wealth Management LLC purchased a new position in iShares Morningstar U.S. Equity ETF during the first quarter worth about $45,000. Monetary Solutions Ltd acquired a new stake in iShares Morningstar U.S. Equity ETF in the fourth quarter valued at about $68,000. Basepoint Wealth LLC acquired a new stake in iShares Morningstar U.S. Equity ETF in the fourth quarter valued at about $159,000. Finally, NorthRock Partners LLC purchased a new stake in iShares Morningstar U.S. Equity ETF in the 2nd quarter valued at approximately $219,000.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of ILCB traded up $0.01 during midday trading on Thursday, hitting $106.44. The company had a trading volume of 9,112 shares, compared to its average volume of 16,742. iShares Morningstar U.S. Equity ETF has a 1 year low of $86.96 and a 1 year high of $108.11. The company’s 50-day simple moving average is $105.53 and its 200-day simple moving average is $101.35. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.16 and a beta of 1.02.

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.