iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 37.3% in June

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 21,194 shares, a decline of 37.3% from the June 15th total of 33,796 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 22,347 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock valued at $2,783,000 after purchasing an additional 1,168 shares in the last quarter. Jane Street Group LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 19.3% during the 1st quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock worth $316,000 after buying an additional 691 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Morningstar Mid-Cap Value ETF by 95.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,151 shares of the company’s stock worth $1,379,000 after acquiring an additional 8,884 shares during the last quarter. Baird Financial Group Inc. increased its position in iShares Morningstar Mid-Cap Value ETF by 21.1% in the 2nd quarter. Baird Financial Group Inc. now owns 17,237 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,008 shares during the period. Finally, Diversify Advisory Services LLC increased its position in iShares Morningstar Mid-Cap Value ETF by 10.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,776 shares of the company’s stock valued at $1,308,000 after acquiring an additional 1,532 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV traded down $0.23 during mid-day trading on Friday, reaching $94.39. The company had a trading volume of 18,779 shares, compared to its average volume of 27,579. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The company’s 50 day simple moving average is $90.87 and its 200 day simple moving average is $87.93. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $75.64 and a 1-year high of $95.46.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.418 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 dividend on an annualized basis and a dividend yield of 1.8%.

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.