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

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 1,521 shares, a drop of 94.4% from the June 30th total of 27,353 shares. Based on an average daily volume of 21,860 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

iShares Morningstar U.S. Equity ETF Price Performance

iShares Morningstar U.S. Equity ETF stock traded up $0.02 during trading hours on Friday, reaching $102.29. The stock had a trading volume of 4,041 shares, compared to its average volume of 18,128. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01. The business’s 50 day moving average price is $103.29 and its 200-day moving average price is $97.99. iShares Morningstar U.S. Equity ETF has a 52 week low of $86.00 and a 52 week high of $105.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacific Sun Financial Corp raised its stake in shares of iShares Morningstar U.S. Equity ETF by 1.3% during the 1st quarter. Pacific Sun Financial Corp now owns 7,820 shares of the company’s stock worth $703,000 after acquiring an additional 100 shares in the last quarter. Optivise Advisory Services LLC boosted its stake in iShares Morningstar U.S. Equity ETF by 3.8% in the fourth quarter. Optivise Advisory Services LLC now owns 2,967 shares of the company’s stock valued at $280,000 after acquiring an additional 108 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in iShares Morningstar U.S. Equity ETF by 2.3% in the first quarter. Kestra Advisory Services LLC now owns 10,739 shares of the company’s stock worth $965,000 after purchasing an additional 245 shares during the last quarter. Allworth Financial LP increased its position in shares of iShares Morningstar U.S. Equity ETF by 18.9% during the third quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock worth $157,000 after purchasing an additional 270 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the fourth quarter worth $26,000.

About iShares Morningstar U.S. Equity ETF

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.