iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Down 57.8% in July

iShares Morningstar Value ETF (NYSEARCA:ILCV) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 31,333 shares, a drop of 57.8% from the June 30th total of 74,280 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 25,207 shares, the short-interest ratio is presently 1.2 days.

iShares Morningstar Value ETF Price Performance

Shares of NYSEARCA ILCV opened at $103.35 on Monday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The company’s 50-day simple moving average is $102.01 and its 200-day simple moving average is $98.35. iShares Morningstar Value ETF has a 52-week low of $82.62 and a 52-week high of $104.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ILCV. PNC Financial Services Group Inc. increased its stake in iShares Morningstar Value ETF by 212.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares in the last quarter. IFP Advisors Inc lifted its position in shares of iShares Morningstar Value ETF by 75.1% in the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after acquiring an additional 160 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of iShares Morningstar Value ETF in the third quarter valued at approximately $51,000. Capital Investment Advisory Services LLC acquired a new stake in shares of iShares Morningstar Value ETF in the fourth quarter worth approximately $66,000. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares Morningstar Value ETF in the third quarter worth approximately $97,000.

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.