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

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,558 shares, an increase of 862.8% from the August 31st total of 785 shares. Based on an average trading volume of 9,543 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of ILCB traded up $0.48 during mid-day trading on Friday, hitting $106.92. 12,208 shares of the stock were exchanged, compared to its average volume of 16,717. The company has a market cap of $1.31 billion, a PE ratio of 26.16 and a beta of 1.02. iShares Morningstar U.S. Equity ETF has a 52-week low of $86.96 and a 52-week high of $108.11. The firm has a 50-day moving average of $105.61 and a two-hundred day moving average of $101.39.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

A number of hedge funds have recently bought and sold shares of the business. Compass Financial Management LLC purchased a new position in shares of iShares Morningstar U.S. Equity ETF in the 2nd quarter worth $43,000. Western Wealth Management LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter valued at about $45,000. Monetary Solutions Ltd bought a new position in shares of iShares Morningstar U.S. Equity ETF in the 4th quarter valued at about $68,000. Basepoint Wealth LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the fourth quarter worth about $159,000. Finally, S&A Financial Services Inc. purchased a new position in iShares Morningstar U.S. Equity ETF in the first quarter worth about $219,000.

About iShares Morningstar U.S. Equity ETF

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.