iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Significant Drop in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 21,200 shares, a decline of 27.6% from the September 30th total of 29,300 shares. Based on an average trading volume of 69,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 69,800 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC increased its stake in shares of iShares Morningstar Growth ETF by 9,590.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock valued at $24,413,000 after acquiring an additional 249,340 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Morningstar Growth ETF by 191.4% during the second quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock valued at $29,483,000 after purchasing an additional 199,835 shares during the period. Goodman Advisory Group LLC bought a new stake in iShares Morningstar Growth ETF in the second quarter valued at approximately $17,925,000. GM Advisory Group LLC raised its holdings in iShares Morningstar Growth ETF by 182.2% in the second quarter. GM Advisory Group LLC now owns 246,525 shares of the company’s stock worth $23,888,000 after purchasing an additional 159,159 shares during the period. Finally, B&D White Capital Company LLC raised its holdings in iShares Morningstar Growth ETF by 39.4% in the third quarter. B&D White Capital Company LLC now owns 485,997 shares of the company’s stock worth $50,689,000 after purchasing an additional 137,302 shares during the period.

iShares Morningstar Growth ETF Price Performance

Shares of ILCG stock traded down $1.87 during trading hours on Tuesday, reaching $105.68. The company had a trading volume of 32,310 shares, compared to its average volume of 91,656. iShares Morningstar Growth ETF has a 1-year low of $69.47 and a 1-year high of $109.22. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16. The company has a 50 day moving average of $103.72 and a 200 day moving average of $97.09.

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.