iShares Morningstar Value ETF (NYSEARCA:ILCV) Stock Short Interest Jumps 140.3%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 12,958 shares, an increase of 140.3% from the August 31st total of 5,392 shares. Based on an average daily volume of 18,231 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of iShares Morningstar Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in iShares Morningstar Value ETF by 212.2% in the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares during the last quarter. IFP Advisors Inc increased its position in shares of iShares Morningstar Value ETF by 75.1% during the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after acquiring an additional 160 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of iShares Morningstar Value ETF during the first quarter valued at approximately $217,000. Avid Wealth Partners LLC purchased a new position in iShares Morningstar Value ETF in the 1st quarter worth approximately $223,000. Finally, Nwam LLC purchased a new position in iShares Morningstar Value ETF in the 1st quarter worth approximately $234,000.

iShares Morningstar Value ETF Price Performance

ILCV stock traded down $0.93 on Monday, reaching $106.10. 66,029 shares of the company traded hands, compared to its average volume of 35,750. The firm has a fifty day simple moving average of $106.98 and a 200-day simple moving average of $101.72. The company has a market cap of $1.33 billion, a P/E ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a one year low of $88.03 and a one year high of $109.57.

iShares Morningstar Value ETF Company Profile

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.