Short Interest in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Drops By 37.2%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 785 shares, a drop of 37.2% from the August 15th total of 1,250 shares. Based on an average trading volume of 12,772 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of iShares Morningstar U.S. Equity ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 114,117 shares of the company’s stock valued at $10,255,000 after buying an additional 13,157 shares during the last quarter. Rothschild Wealth LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the 4th quarter worth $929,000. Fifth Third Bancorp lifted its position in iShares Morningstar U.S. Equity ETF by 1,432.7% during the 1st quarter. Fifth Third Bancorp now owns 7,970 shares of the company’s stock worth $716,000 after acquiring an additional 7,450 shares during the period. Independent Financial Group LLC purchased a new stake in iShares Morningstar U.S. Equity ETF during the 1st quarter valued at about $3,124,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the second quarter valued at about $681,000.

iShares Morningstar U.S. Equity ETF Stock Performance

iShares Morningstar U.S. Equity ETF stock traded down $0.19 during mid-day trading on Friday, hitting $105.29. The company’s stock had a trading volume of 18,407 shares, compared to its average volume of 16,790. The company has a 50 day moving average of $105.30 and a 200-day moving average of $100.91. iShares Morningstar U.S. Equity ETF has a one year low of $86.96 and a one year high of $108.11. The stock has a market cap of $1.30 billion, a PE 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.