iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sees Large Drop in Short Interest

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 20,011 shares, a drop of 60.6% from the May 31st total of 50,818 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 11,547 shares, the short-interest ratio is presently 1.7 days.

iShares Morningstar Small-Cap Value ETF Stock Performance

ISCV stock traded down $0.07 during trading on Monday, hitting $78.35. The stock had a trading volume of 15,447 shares, compared to its average volume of 15,083. The company’s 50 day moving average price is $74.98 and its two-hundred day moving average price is $72.46. iShares Morningstar Small-Cap Value ETF has a 1-year low of $60.96 and a 1-year high of $78.44. The stock has a market cap of $681.64 million, a price-to-earnings ratio of 13.52 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth about $29,000. Bessemer Group Inc. purchased a new stake in iShares Morningstar Small-Cap Value ETF in the first quarter valued at approximately $48,000. Laurel Wealth Advisors LLC purchased a new stake in iShares Morningstar Small-Cap Value ETF in the fourth quarter valued at approximately $58,000. Rockefeller Capital Management L.P. increased its position in iShares Morningstar Small-Cap Value ETF by 16.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the company’s stock worth $74,000 after purchasing an additional 150 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new position in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth approximately $121,000.

About iShares Morningstar Small-Cap Value ETF

The iShares Morningstar Small-Cap Value ETF (ISCV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap value stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s value style categorization. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.