Short Interest in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Declines By 44.5%

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCBGet Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,843 shares, a decline of 44.5% from the April 30th total of 5,118 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,603 shares, the short-interest ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter valued at $26,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter valued at $30,000. Olistico Wealth LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter valued at $45,000. Western Wealth Management LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at $45,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the third quarter valued at $57,000.

iShares Morningstar U.S. Equity ETF Price Performance

Shares of NYSEARCA ILCB traded up $0.24 during midday trading on Tuesday, hitting $105.34. 15,550 shares of the company’s stock were exchanged, compared to its average volume of 19,637. The stock’s 50 day moving average price is $97.49 and its 200-day moving average price is $95.48. The firm has a market cap of $1.30 billion, a P/E ratio of 26.16 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a twelve month low of $82.04 and a twelve month high of $105.39.

About iShares Morningstar U.S. Equity ETF

(Get Free Report)

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.

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