Short Interest in iShares Morningstar Growth ETF (NYSEARCA:ILCG) Decreases By 75.5%

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 17,462 shares, a drop of 75.5% from the April 30th total of 71,403 shares. Based on an average daily volume of 89,656 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares Morningstar Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NBT Bank N A NY grew its holdings in iShares Morningstar Growth ETF by 175.0% during the first quarter. NBT Bank N A NY now owns 286 shares of the company’s stock worth $27,000 after acquiring an additional 182 shares during the period. Caitlin John LLC acquired a new stake 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 during the third quarter worth about $37,000. O Shaughnessy Asset Management LLC grew its holdings in iShares Morningstar Growth ETF by 1,250.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in iShares Morningstar Growth ETF during the fourth quarter worth about $56,000.

iShares Morningstar Growth ETF Stock Performance

iShares Morningstar Growth ETF stock traded up $0.64 during midday trading on Friday, hitting $118.88. 35,055 shares of the company were exchanged, compared to its average volume of 88,041. The firm has a market capitalization of $3.16 billion, a PE ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a fifty-two week low of $89.92 and a fifty-two week high of $119.08. The business has a fifty day simple moving average of $107.11 and a two-hundred day simple moving average of $104.52.

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.