Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Declines By 38.1%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 26,895 shares, a drop of 38.1% from the April 30th total of 43,475 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 31,033 shares, the days-to-cover ratio is currently 0.9 days.

iShares Morningstar Value ETF Trading Up 1.0%

Shares of NYSEARCA ILCV opened at $102.27 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.33 and a beta of 0.81. The stock’s fifty day simple moving average is $98.01 and its two-hundred day simple moving average is $96.30. iShares Morningstar Value ETF has a 12-month low of $80.65 and a 12-month high of $102.31.

Institutional Trading of iShares Morningstar Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in iShares Morningstar Value ETF by 212.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after acquiring an additional 208 shares in the last quarter. IFP Advisors Inc boosted its position in iShares Morningstar Value ETF by 75.1% during the 4th 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. Silicon Valley Capital Partners purchased a new stake in shares of iShares Morningstar Value ETF during the 3rd quarter valued at $51,000. Capital Investment Advisory Services LLC purchased a new stake in shares of iShares Morningstar Value ETF during the 4th quarter valued at $66,000. Finally, Caitlin John LLC purchased a new stake in shares of iShares Morningstar Value ETF during the 3rd quarter valued at $72,000.

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.