iShares Morningstar Growth ETF (NYSEARCA:ILCG) Shares Shorted: Short Interest Down 77.7% in October

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 18,960 shares, a drop of 77.7% from the September 30th total of 84,958 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 85,716 shares, the days-to-cover ratio is presently 0.2 days.

iShares Morningstar Growth ETF Stock Down 0.9%

NYSEARCA:ILCG traded down $1.08 during trading hours on Thursday, hitting $113.81. 35,537 shares of the stock traded hands, compared to its average volume of 79,667. iShares Morningstar Growth ETF has a 1 year low of $91.26 and a 1 year high of $121.11. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. The stock has a 50 day moving average price of $115.62 and a 200 day moving average price of $110.37.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. NBT Bank N.A. acquired a new stake in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at about $25,000. NBT Bank N A NY raised its position in shares of iShares Morningstar Growth ETF by 175.0% in the first quarter. NBT Bank N A NY now owns 286 shares of the company’s stock valued at $27,000 after buying an additional 182 shares during the last quarter. CX Institutional acquired a new stake in iShares Morningstar Growth ETF in the 3rd quarter valued at about $54,000. Salomon & Ludwin LLC purchased a new position in iShares Morningstar Growth ETF during the third quarter worth approximately $58,000. Finally, Signaturefd LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth $80,000.

iShares Morningstar Growth ETF Company Profile

The iShares Morningstar Growth ETF (ILCG) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of growth stocks, selected from the top 90% of the US market-cap spectrum. ILCG was launched on Jun 28, 2004 and is managed by BlackRock.