iShares Morningstar Value ETF (NYSEARCA:ILCV) Short Interest Down 50.1% in April

iShares Morningstar Value ETF (NYSEARCA:ILCV) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 43,475 shares, a drop of 50.1% from the April 15th total of 87,133 shares. Based on an average daily trading volume, of 36,359 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Morningstar Value ETF

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

iShares Morningstar Value ETF Stock Down 0.7%

Shares of ILCV traded down $0.69 during midday trading on Friday, reaching $99.90. 61,260 shares of the stock were exchanged, compared to its average volume of 47,789. iShares Morningstar Value ETF has a twelve month low of $79.13 and a twelve month high of $100.84. The company has a market cap of $1.25 billion, a P/E ratio of 19.33 and a beta of 0.81. The stock’s 50 day simple moving average is $96.00 and its 200 day simple moving average is $95.36.

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.