iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Short Interest Down 61.5% in April

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 15,447 shares, a drop of 61.5% from the April 15th total of 40,086 shares. Based on an average trading volume of 12,008 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of iShares Morningstar Small-Cap Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ISCV. Northwestern Mutual Wealth Management Co. grew its stake in iShares Morningstar Small-Cap Value ETF by 664.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 139,305 shares of the company’s stock worth $10,034,000 after acquiring an additional 121,076 shares during the period. Granville Capital Inc. purchased a new stake in iShares Morningstar Small-Cap Value ETF in the 4th quarter worth approximately $7,556,000. Exchange Traded Concepts LLC grew its stake in iShares Morningstar Small-Cap Value ETF by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 908,467 shares of the company’s stock worth $62,230,000 after acquiring an additional 101,072 shares during the period. MB Generational Wealth LLC purchased a new stake in iShares Morningstar Small-Cap Value ETF in the 3rd quarter worth approximately $6,257,000. Finally, LPL Financial LLC grew its stake in iShares Morningstar Small-Cap Value ETF by 36.0% in the 4th quarter. LPL Financial LLC now owns 231,259 shares of the company’s stock worth $15,841,000 after acquiring an additional 61,259 shares during the period.

iShares Morningstar Small-Cap Value ETF Stock Down 1.4%

Shares of ISCV traded down $1.05 during mid-day trading on Friday, reaching $72.80. 11,127 shares of the company’s stock were exchanged, compared to its average volume of 16,010. The company has a 50-day simple moving average of $71.58 and a two-hundred day simple moving average of $70.58. iShares Morningstar Small-Cap Value ETF has a 52-week low of $58.01 and a 52-week high of $75.38. The company has a market cap of $633.36 million, a price-to-earnings ratio of 13.52 and a beta of 1.00.

iShares Morningstar Small-Cap Value ETF Company Profile

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.