iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Down 57.8% in July

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 31,333 shares, a decline of 57.8% from the June 30th total of 74,280 shares. Based on an average trading volume of 25,207 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ILCV. AlphaCore Capital LLC purchased a new stake in iShares Morningstar Value ETF during the fourth quarter worth approximately $22,644,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Morningstar Value ETF by 117.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after acquiring an additional 135,785 shares during the period. Northwest Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Value ETF during the 4th quarter valued at $12,320,000. Systelligence LLC acquired a new position in shares of iShares Morningstar Value ETF during the 1st quarter valued at $11,380,000. Finally, Ameriprise Financial Inc. boosted its position in iShares Morningstar Value ETF by 359.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock worth $10,913,000 after purchasing an additional 94,862 shares during the period.

iShares Morningstar Value ETF Trading Down 0.1%

Shares of iShares Morningstar Value ETF stock traded down $0.11 during trading hours on Wednesday, reaching $104.98. The stock had a trading volume of 20,648 shares, compared to its average volume of 39,740. The firm has a 50 day simple moving average of $102.18 and a two-hundred day simple moving average of $98.48. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a 1 year low of $82.62 and a 1 year high of $105.30.

About iShares Morningstar Value ETF

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