iShares Morningstar Growth ETF (NYSEARCA:ILCG) Short Interest Up 73.7% in May

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 30,334 shares, an increase of 73.7% from the May 14th total of 17,462 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 97,336 shares, the days-to-cover ratio is currently 0.3 days.

iShares Morningstar Growth ETF Price Performance

Shares of iShares Morningstar Growth ETF stock traded up $0.19 during midday trading on Wednesday, reaching $116.43. The company had a trading volume of 28,108 shares, compared to its average volume of 87,381. The stock has a fifty day moving average price of $111.99 and a 200 day moving average price of $105.64. The firm has a market cap of $3.10 billion, a PE ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a fifty-two week low of $91.26 and a fifty-two week high of $120.57.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Institutional investors have recently added to or reduced their stakes in the business. NBT Bank N A NY lifted its stake in iShares Morningstar Growth ETF by 175.0% in the first quarter. NBT Bank N A NY now owns 286 shares of the company’s stock valued at $27,000 after buying an additional 182 shares during the period. Caitlin John LLC acquired a new position in iShares Morningstar Growth ETF in the third quarter valued at approximately $35,000. Parallel Advisors LLC acquired a new position in iShares Morningstar Growth ETF in the third quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC lifted its stake in iShares Morningstar Growth ETF by 1,250.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock valued at $39,000 after buying an additional 350 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in iShares Morningstar Growth ETF in the fourth quarter valued at approximately $56,000.

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.