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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 36,849 shares, an increase of 619.1% from the April 15th total of 5,124 shares. Based on an average daily trading volume, of 20,940 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 409,104 shares of the company’s stock worth $32,872,000 after purchasing an additional 13,194 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 22.1% during the 4th quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock worth $27,895,000 after purchasing an additional 61,366 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 291,826 shares of the company’s stock worth $24,028,000 after purchasing an additional 19,595 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 261,282 shares of the company’s stock worth $21,514,000 after purchasing an additional 42,544 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 3.9% during the 3rd quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock worth $18,335,000 after purchasing an additional 8,581 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV stock traded down $0.31 during trading on Wednesday, hitting $88.25. The stock had a trading volume of 11,431 shares, compared to its average volume of 30,194. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $72.61 and a twelve month high of $89.74. The stock has a market capitalization of $1.02 billion, a P/E ratio of 16.35 and a beta of 0.87. The company’s 50-day moving average price is $86.52 and its two-hundred day moving average price is $84.68.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.3501 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, March 17th.

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.