iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Drop in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 56,991 shares, a drop of 47.3% from the January 15th total of 108,228 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 68,067 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 68,067 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

iShares Morningstar Growth ETF Price Performance

NYSEARCA:ILCG traded down $0.30 during trading hours on Friday, reaching $100.42. The company had a trading volume of 60,416 shares, compared to its average volume of 89,701. The firm has a market cap of $2.84 billion, a PE ratio of 38.10 and a beta of 1.16. iShares Morningstar Growth ETF has a 1-year low of $69.47 and a 1-year high of $109.22. The business’s 50 day moving average price is $104.10 and its 200-day moving average price is $103.40.

Institutional Trading of iShares Morningstar Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Morningstar Growth ETF by 794.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock worth $83,460,000 after acquiring an additional 712,505 shares during the period. Valpey Financial Services LLC increased its stake in shares of iShares Morningstar Growth ETF by 10,289.4% in the 4th quarter. Valpey Financial Services LLC now owns 474,901 shares of the company’s stock valued at $49,409,000 after purchasing an additional 470,330 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in iShares Morningstar Growth ETF in the 3rd quarter worth about $41,913,000. Laurel Wealth Advisors LLC raised its holdings in iShares Morningstar Growth ETF by 9,590.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock worth $24,413,000 after purchasing an additional 249,340 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in iShares Morningstar Growth ETF by 191.4% during the second quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock worth $29,483,000 after purchasing an additional 199,835 shares in the last quarter.

iShares Morningstar Growth ETF Company Profile

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.