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

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 785 shares, a drop of 37.2% from the August 15th total of 1,250 shares. Based on an average trading volume of 12,772 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

NYSEARCA ILCB traded up $0.28 during trading on Wednesday, hitting $104.91. The stock had a trading volume of 733 shares, compared to its average volume of 16,789. The company has a market capitalization of $1.29 billion, a PE ratio of 26.16 and a beta of 1.02. The firm has a 50 day moving average price of $105.26 and a 200 day moving average price of $100.77. iShares Morningstar U.S. Equity ETF has a twelve month low of $86.96 and a twelve month high of $108.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ILCB. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Morningstar U.S. Equity ETF by 1,164.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock worth $22,345,000 after buying an additional 218,027 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares Morningstar U.S. Equity ETF by 4.9% during the first quarter. Cetera Investment Advisers now owns 218,649 shares of the company’s stock worth $19,648,000 after acquiring an additional 10,298 shares during the period. Royal Bank of Canada raised its stake in shares of iShares Morningstar U.S. Equity ETF by 163.2% in the first quarter. Royal Bank of Canada now owns 117,728 shares of the company’s stock valued at $10,579,000 after acquiring an additional 73,004 shares in the last quarter. Bank of America Corp DE grew its stake in iShares Morningstar U.S. Equity ETF by 13.0% during the 1st quarter. Bank of America Corp DE now owns 114,117 shares of the company’s stock worth $10,255,000 after purchasing an additional 13,157 shares in the last quarter. Finally, 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 worth $9,971,000 after purchasing an additional 291 shares in the last quarter.

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.