iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Significant Increase in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 108,228 shares, an increase of 784.8% from the December 31st total of 12,232 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 106,446 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 106,446 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are short sold.

iShares Morningstar Growth ETF Trading Up 0.0%

Shares of NYSEARCA ILCG traded up $0.05 during midday trading on Wednesday, reaching $105.96. 50,845 shares of the stock were exchanged, compared to its average volume of 91,819. The company has a market capitalization of $2.99 billion, a P/E ratio of 38.10 and a beta of 1.16. The stock has a 50 day moving average price of $104.23 and a 200-day moving average price of $103.09. iShares Morningstar Growth ETF has a 52-week low of $69.47 and a 52-week high of $109.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Transce3nd LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the second quarter worth $32,000. Caitlin John LLC purchased a new position in iShares Morningstar Growth ETF during the third quarter worth about $35,000. Parallel Advisors LLC acquired a new stake in iShares Morningstar Growth ETF in the 3rd quarter worth about $37,000. Hantz Financial Services Inc. acquired a new stake in iShares Morningstar Growth ETF in the 2nd quarter worth about $40,000. Finally, Spire Wealth Management purchased a new stake in iShares Morningstar Growth ETF in the 3rd quarter valued at about $53,000.

About iShares Morningstar Growth ETF

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