iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 84.6% in February

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 10,084 shares, a drop of 84.6% from the February 12th total of 65,468 shares. Based on an average daily volume of 41,120 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 41,120 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMCV. Bedel Financial Consulting Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 8.2% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 81,837 shares of the company’s stock worth $6,576,000 after purchasing an additional 6,171 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 19.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 62,845 shares of the company’s stock valued at $5,050,000 after purchasing an additional 10,323 shares in the last quarter. Brand Asset Management Group Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $808,000. Sovran Advisors LLC lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 136.6% in the third quarter. Sovran Advisors LLC now owns 56,837 shares of the company’s stock valued at $4,512,000 after purchasing an additional 32,813 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 5.0% in the second quarter. Osaic Holdings Inc. now owns 218,051 shares of the company’s stock valued at $16,567,000 after purchasing an additional 10,319 shares during the period.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ:IMCV traded down $0.57 on Tuesday, reaching $85.56. The company’s stock had a trading volume of 18,667 shares, compared to its average volume of 33,938. The stock’s 50-day moving average is $86.49 and its two-hundred day moving average is $82.62. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $64.02 and a 52-week high of $89.61. The stock has a market capitalization of $953.99 million, a P/E ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.5403 dividend. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, December 16th. This represents a $2.16 annualized dividend and a yield of 2.5%.

iShares Morningstar Mid-Cap Value ETF Company Profile

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.