iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Update

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 87,133 shares, a growth of 51.9% from the March 31st total of 57,351 shares. Based on an average trading volume of 41,022 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new stake in iShares Morningstar Value ETF during the 4th quarter worth $22,644,000. Northwestern Mutual Wealth Management Co. grew its stake in iShares Morningstar Value ETF by 117.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after acquiring an additional 135,785 shares during the period. Northwest Wealth Advisors LLC bought a new stake in shares of iShares Morningstar Value ETF in the fourth quarter worth about $12,320,000. Systelligence LLC bought a new stake in shares of iShares Morningstar Value ETF in the first quarter worth about $11,380,000. Finally, Ameriprise Financial Inc. raised its position in shares of iShares Morningstar Value ETF by 359.7% during the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock worth $10,913,000 after purchasing an additional 94,862 shares during the period.

iShares Morningstar Value ETF Stock Performance

Shares of NYSEARCA ILCV opened at $97.62 on Tuesday. iShares Morningstar Value ETF has a 52-week low of $77.45 and a 52-week high of $98.41. The stock has a market cap of $1.22 billion, a P/E ratio of 19.33 and a beta of 0.83. The firm has a 50 day moving average price of $95.47 and a 200 day moving average price of $94.59.

About iShares Morningstar Value ETF

The iShares Morningstar Value ETF (ILCV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of value stocks, selected from the top 90% of the US market-cap spectrum. ILCV was launched on Jun 28, 2004 and is managed by BlackRock.