iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Down 45.9% in March

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 57,351 shares, a drop of 45.9% from the March 15th total of 106,025 shares. Based on an average daily volume of 49,172 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the stock are sold short.

iShares Morningstar Value ETF Stock Up 0.1%

ILCV stock traded up $0.12 during midday trading on Wednesday, hitting $96.65. The company’s stock had a trading volume of 11,789 shares, compared to its average volume of 52,015. iShares Morningstar Value ETF has a 12 month low of $74.04 and a 12 month high of $98.41. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.33 and a beta of 0.83. The company has a 50 day moving average of $95.46 and a two-hundred day moving average of $94.13.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ILCV. IFP Advisors Inc increased its holdings in iShares Morningstar Value ETF by 75.1% in the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after acquiring an additional 160 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of iShares Morningstar Value ETF in the third quarter worth about $51,000. Capital Investment Advisory Services LLC bought a new position in iShares Morningstar Value ETF during the fourth quarter valued at approximately $66,000. Caitlin John LLC purchased a new position in iShares Morningstar Value ETF during the 3rd quarter valued at approximately $72,000. Finally, Root Financial Partners LLC purchased a new position in iShares Morningstar Value ETF during the 3rd quarter valued at approximately $84,000.

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.