iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Growth in Short Interest

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,774 shares, an increase of 279.0% from the May 14th total of 2,843 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,834 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacific Sun Financial Corp grew its position in iShares Morningstar U.S. Equity ETF by 1.3% during the first quarter. Pacific Sun Financial Corp now owns 7,820 shares of the company’s stock valued at $703,000 after buying an additional 100 shares during the period. Optivise Advisory Services LLC grew its position in iShares Morningstar U.S. Equity ETF by 3.8% during the fourth quarter. Optivise Advisory Services LLC now owns 2,967 shares of the company’s stock valued at $280,000 after buying an additional 108 shares during the period. Kestra Advisory Services LLC grew its position in iShares Morningstar U.S. Equity ETF by 2.3% during the first quarter. Kestra Advisory Services LLC now owns 10,739 shares of the company’s stock valued at $965,000 after buying an additional 245 shares during the period. Allworth Financial LP grew its position in iShares Morningstar U.S. Equity ETF by 18.9% during the third quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock valued at $157,000 after buying an additional 270 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in iShares Morningstar U.S. Equity ETF during the fourth quarter valued at $26,000.

iShares Morningstar U.S. Equity ETF Price Performance

ILCB stock traded up $0.50 during midday trading on Friday, hitting $102.77. 5,955 shares of the stock traded hands, compared to its average volume of 19,104. The firm has a market cap of $1.26 billion, a P/E ratio of 26.16 and a beta of 1.02. The stock’s fifty day simple moving average is $99.92 and its 200-day simple moving average is $96.14. iShares Morningstar U.S. Equity ETF has a 1-year low of $82.30 and a 1-year high of $105.39.

iShares Morningstar U.S. Equity ETF Company Profile

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.