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

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 28,430 shares, an increase of 156.3% from the March 15th total of 11,091 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 82,427 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC acquired a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth about $35,000. Parallel Advisors LLC acquired a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth about $37,000. O Shaughnessy Asset Management LLC grew its position in shares of iShares Morningstar Growth ETF by 1,250.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock worth $39,000 after buying an additional 350 shares during the period. Spire Wealth Management acquired a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth about $53,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Morningstar Growth ETF during the 4th quarter worth about $56,000.

iShares Morningstar Growth ETF Price Performance

Shares of iShares Morningstar Growth ETF stock opened at $101.74 on Friday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 38.10 and a beta of 1.20. iShares Morningstar Growth ETF has a 52-week low of $73.90 and a 52-week high of $109.22. The stock has a 50-day simple moving average of $99.74 and a 200-day simple moving average of $102.83.

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.