iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Growth in Short Interest

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 13,406 shares, a growth of 77.4% from the September 15th total of 7,558 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 11,784 shares, the days-to-cover ratio is currently 1.1 days.

iShares Morningstar U.S. Equity ETF Stock Up 0.3%

NYSEARCA:ILCB traded up $0.30 during mid-day trading on Friday, reaching $107.02. The company’s stock had a trading volume of 6,691 shares, compared to its average volume of 16,511. iShares Morningstar U.S. Equity ETF has a 1 year low of $86.96 and a 1 year high of $108.11. The stock has a fifty day moving average of $106.55 and a 200-day moving average of $103.01. The firm has a market capitalization of $1.31 billion, a PE ratio of 26.16 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ILCB. Pacific Sun Financial Corp lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 1.3% in the first quarter. Pacific Sun Financial Corp now owns 7,820 shares of the company’s stock worth $703,000 after buying an additional 100 shares in the last quarter. Kestra Advisory Services LLC grew its stake in iShares Morningstar U.S. Equity ETF by 2.3% during the 1st quarter. Kestra Advisory Services LLC now owns 10,739 shares of the company’s stock valued at $965,000 after acquiring an additional 245 shares in the last quarter. Corient Private Wealth LP grew its stake in iShares Morningstar U.S. Equity ETF by 0.3% during the 2nd quarter. Corient Private Wealth LP now owns 96,203 shares of the company’s stock valued at $9,971,000 after acquiring an additional 291 shares in the last quarter. Compass Financial Management LLC purchased a new stake in iShares Morningstar U.S. Equity ETF during the 2nd quarter valued at about $43,000. Finally, Western Wealth Management LLC acquired a new stake in iShares Morningstar U.S. Equity ETF in the 1st quarter valued at about $45,000.

iShares Morningstar U.S. Equity ETF Company Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.