iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Growth in Short Interest

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 65,468 shares, an increase of 34.7% from the January 29th total of 48,585 shares. Based on an average trading volume of 31,698 shares, the short-interest ratio is presently 2.1 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 31,698 shares, the short-interest ratio is presently 2.1 days.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV stock traded down $0.19 during trading hours on Monday, reaching $89.07. The company had a trading volume of 19,817 shares, compared to its average volume of 35,043. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $64.02 and a 12-month high of $89.61. The company has a market capitalization of $993.13 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The stock has a fifty day moving average of $85.91 and a 200-day moving average of $82.20.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date was Tuesday, December 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.4%. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently bought and sold shares of IMCV. EP Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at approximately $3,554,000. Russell Investments Group Ltd. grew its position in iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares during the period. Captrust Financial Advisors grew its position in iShares Morningstar Mid-Cap Value ETF by 278.7% in the fourth quarter. Captrust Financial Advisors now owns 46,626 shares of the company’s stock worth $3,839,000 after acquiring an additional 34,315 shares during the period. Royal Bank of Canada increased its stake in iShares Morningstar Mid-Cap Value ETF by 0.5% during the fourth quarter. Royal Bank of Canada now owns 93,331 shares of the company’s stock worth $7,685,000 after acquiring an additional 485 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in iShares Morningstar Mid-Cap Value ETF by 153.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,091 shares of the company’s stock valued at $172,000 after purchasing an additional 1,266 shares during the period.

About iShares Morningstar Mid-Cap Value ETF

The iShares Morningstar Mid-Cap Value ETF (IMCV) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Value index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their value characteristics. IMCV was launched on Jun 28, 2004 and is managed by BlackRock.