Short Interest in iShares Morningstar Growth ETF (NYSEARCA:ILCG) Drops By 56.5%

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,018 shares, a drop of 56.5% from the February 12th total of 16,147 shares. Based on an average trading volume of 96,159 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 96,159 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of iShares Morningstar Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of iShares Morningstar Growth ETF by 1.7% during the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock valued at $6,878,000 after buying an additional 1,444 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares Morningstar Growth ETF by 11.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock worth $557,000 after acquiring an additional 710 shares during the last quarter. Atria Investments Inc bought a new position in iShares Morningstar Growth ETF in the 2nd quarter valued at about $306,000. Kane Investment Management Inc. lifted its position in iShares Morningstar Growth ETF by 1.7% in the 2nd quarter. Kane Investment Management Inc. now owns 18,135 shares of the company’s stock valued at $1,757,000 after acquiring an additional 308 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares Morningstar Growth ETF by 71.9% in the 2nd quarter. Cetera Investment Advisers now owns 110,908 shares of the company’s stock valued at $10,747,000 after acquiring an additional 46,377 shares in the last quarter.

iShares Morningstar Growth ETF Price Performance

Shares of NYSEARCA:ILCG traded down $1.06 during trading on Friday, reaching $98.19. 45,317 shares of the stock were exchanged, compared to its average volume of 96,284. iShares Morningstar Growth ETF has a 1-year low of $69.47 and a 1-year high of $109.22. The stock has a fifty day moving average of $102.79 and a two-hundred day moving average of $103.46. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16.

About iShares Morningstar Growth ETF

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.