iShares Morningstar Growth ETF (NYSEARCA:ILCG) Short Interest Up 138.6% in July

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 107,310 shares, a growth of 138.6% from the June 30th total of 44,984 shares. Based on an average daily trading volume, of 92,528 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the company. NBT Bank N A NY lifted its stake in shares of iShares Morningstar Growth ETF by 175.0% in the 1st quarter. NBT Bank N A NY now owns 286 shares of the company’s stock valued at $27,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF in the 3rd quarter valued at $37,000. O Shaughnessy Asset Management LLC lifted its holdings 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 valued at $39,000 after acquiring an additional 350 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in iShares Morningstar Growth ETF in the 4th quarter valued at $56,000. Finally, Spire Wealth Management raised its position in iShares Morningstar Growth ETF by 23.8% in the fourth quarter. Spire Wealth Management now owns 630 shares of the company’s stock valued at $66,000 after purchasing an additional 121 shares during the period.

iShares Morningstar Growth ETF Stock Performance

ILCG stock traded up $2.58 during mid-day trading on Thursday, reaching $110.35. 29,887 shares of the stock traded hands, compared to its average volume of 86,670. iShares Morningstar Growth ETF has a one year low of $91.26 and a one year high of $120.57. The business has a 50-day moving average price of $115.01 and a two-hundred day moving average price of $107.78. The stock has a market capitalization of $3.07 billion, a PE ratio of 38.10 and a beta of 1.22.

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.