iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Short Interest Up 94.4% in May

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 50,818 shares, a growth of 94.4% from the May 14th total of 26,143 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 9,489 shares, the short-interest ratio is currently 5.4 days.

iShares Morningstar Small-Cap Value ETF Trading Up 1.0%

Shares of NYSEARCA ISCV traded up $0.75 during trading on Friday, reaching $77.27. 4,893 shares of the company traded hands, compared to its average volume of 15,138. The firm’s fifty day simple moving average is $73.94 and its 200 day simple moving average is $71.88. The stock has a market cap of $672.25 million, a P/E ratio of 13.52 and a beta of 0.99. iShares Morningstar Small-Cap Value ETF has a 12-month low of $59.29 and a 12-month high of $77.53.

Hedge Funds Weigh In On iShares Morningstar Small-Cap Value ETF

Institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $29,000. Bessemer Group Inc. acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 1st quarter valued at about $48,000. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $58,000. Rockefeller Capital Management L.P. grew its position in shares of iShares Morningstar Small-Cap Value ETF by 16.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the company’s stock valued at $74,000 after acquiring an additional 150 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $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.