Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Expands By 82.8%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,392 shares, an increase of 82.8% from the August 15th total of 2,950 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 15,640 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Matrix Trust Co raised its position in shares of iShares Morningstar Value ETF by 0.7% during the 2nd quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock valued at $67,930,000 after buying an additional 4,585 shares in the last quarter. Security Financial Services INC. grew its position in iShares Morningstar Value ETF by 87.8% in the first quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock worth $522,000 after acquiring an additional 2,621 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in iShares Morningstar Value ETF in the first quarter worth $2,630,000. Arkadios Wealth Advisors bought a new position in iShares Morningstar Value ETF in the first quarter valued at $447,000. Finally, Royal Bank of Canada increased its stake in iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock valued at $20,282,000 after acquiring an additional 2,706 shares during the last quarter.

iShares Morningstar Value ETF Stock Down 0.2%

Shares of ILCV stock traded down $0.17 during trading on Wednesday, hitting $107.14. The company had a trading volume of 3,237 shares, compared to its average volume of 35,750. The stock’s 50-day moving average is $106.47 and its two-hundred day moving average is $101.16. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a 52 week low of $88.03 and a 52 week high of $109.57.

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.