iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sees Large Decrease in Short Interest

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 20,659 shares, a decline of 63.8% from the September 15th total of 57,099 shares. Based on an average daily trading volume, of 13,693 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of iShares Morningstar Small-Cap Value ETF by 51.1% in the 1st quarter. Royal Bank of Canada now owns 234,525 shares of the company’s stock worth $16,302,000 after acquiring an additional 79,297 shares in the last quarter. Bank of America Corp DE lifted its position in iShares Morningstar Small-Cap Value ETF by 17.1% during the 1st quarter. Bank of America Corp DE now owns 201,871 shares of the company’s stock valued at $14,032,000 after acquiring an additional 29,497 shares during the period. Fifth Third Bancorp bought a new stake in iShares Morningstar Small-Cap Value ETF during the first quarter worth about $1,170,000. Citadel Advisors LLC bought a new stake in iShares Morningstar Small-Cap Value ETF during the second quarter worth about $690,000. Finally, John A. Wolfe & Associates Inc. bought a new stake in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth about $350,000.

iShares Morningstar Small-Cap Value ETF Price Performance

ISCV stock traded up $0.20 during trading on Tuesday, reaching $75.68. The company had a trading volume of 7,939 shares, compared to its average volume of 13,636. iShares Morningstar Small-Cap Value ETF has a 52 week low of $63.71 and a 52 week high of $82.03. The company has a market cap of $662.20 million, a P/E ratio of 13.52 and a beta of 1.01. The business has a 50 day moving average of $78.63 and a 200 day moving average of $76.57.

iShares Morningstar Small-Cap Value ETF Company Profile

The iShares Morningstar Small-Cap Value ETF (ISCV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap value stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s value style categorization. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.