Short Interest in iShares Morningstar Value ETF (NYSEARCA:ILCV) Increases By 757.8%

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 65,064 shares, a growth of 757.8% from the May 31st total of 7,585 shares. Based on an average daily volume of 25,666 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.5% of the shares of the stock are sold short.

iShares Morningstar Value ETF Price Performance

Shares of iShares Morningstar Value ETF stock opened at $100.90 on Friday. The stock’s 50 day simple moving average is $100.23 and its 200-day simple moving average is $97.15. The stock has a market cap of $1.26 billion, a P/E ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a 1-year low of $82.54 and a 1-year high of $102.60.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after buying an additional 208 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of iShares Morningstar Value ETF by 75.1% during the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after acquiring an additional 160 shares during the period. Silicon Valley Capital Partners purchased a new position in shares of iShares Morningstar Value ETF during the 3rd quarter worth $51,000. Capital Investment Advisory Services LLC acquired a new position in shares of iShares Morningstar Value ETF during the 4th quarter valued at about $66,000. Finally, Caitlin John LLC acquired a new position in shares of iShares Morningstar Value ETF during the 3rd quarter valued at about $72,000.

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.