iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Down 71.8% in May

iShares Morningstar Value ETF (NYSEARCA:ILCV) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 7,585 shares, a decrease of 71.8% from the May 14th total of 26,895 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,246 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ILCV. AlphaCore Capital LLC purchased a new stake in shares of iShares Morningstar Value ETF in the fourth quarter valued at $22,644,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Morningstar Value ETF by 117.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after acquiring an additional 135,785 shares during the period. Northwest Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Value ETF in the fourth quarter valued at $12,320,000. Systelligence LLC purchased a new stake in shares of iShares Morningstar Value ETF in the first quarter valued at $11,380,000. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Morningstar Value ETF by 359.7% in the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock valued at $10,913,000 after acquiring an additional 94,862 shares during the period.

iShares Morningstar Value ETF Stock Up 0.7%

iShares Morningstar Value ETF stock traded up $0.70 during mid-day trading on Friday, reaching $101.92. 15,508 shares of the company’s stock traded hands, compared to its average volume of 44,167. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The stock has a 50 day moving average of $99.04 and a two-hundred day moving average of $96.68. iShares Morningstar Value ETF has a 12-month low of $80.65 and a 12-month high of $102.32.

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.