iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Decline in Short Interest

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,843 shares, a decrease of 44.5% from the April 30th total of 5,118 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 10,603 shares, the short-interest ratio is currently 0.3 days.

iShares Morningstar U.S. Equity ETF Stock Down 0.4%

Shares of ILCB stock traded down $0.40 during trading hours on Thursday, hitting $104.23. 857 shares of the company were exchanged, compared to its average volume of 19,348. The firm has a market cap of $1.28 billion, a PE ratio of 26.16 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a 1 year low of $82.04 and a 1 year high of $105.39. The firm has a fifty day moving average of $98.08 and a 200 day moving average of $95.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its holdings in iShares Morningstar U.S. Equity ETF by 10.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 519,869 shares of the company’s stock valued at $49,065,000 after buying an additional 48,866 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares Morningstar U.S. Equity ETF by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 165,457 shares of the company’s stock worth $15,292,000 after purchasing an additional 35,995 shares during the last quarter. Wealth Forward LLC bought a new position in iShares Morningstar U.S. Equity ETF during the third quarter worth $8,975,000. Aurora Private Wealth Inc. bought a new position in iShares Morningstar U.S. Equity ETF during the fourth quarter worth $511,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar U.S. Equity ETF by 1,164.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock worth $22,345,000 after purchasing an additional 218,027 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Company Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.