Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Grows By 128.9%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 46,421 shares, a growth of 128.9% from the July 15th total of 20,276 shares. Based on an average daily volume of 25,709 shares, the short-interest ratio is currently 1.8 days. Currently, 0.4% of the shares of the company are sold short.

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

A number of large investors have recently added to or reduced their stakes in IMCV. Raymond James Financial Inc. lifted its holdings in 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 valued at $32,872,000 after purchasing an additional 13,194 shares during the last quarter. LPL Financial LLC lifted its stake 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 buying an additional 61,366 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake 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 buying 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 buying an additional 42,544 shares during the period. Finally, Bank of America Corp DE grew its stake in iShares Morningstar Mid-Cap Value ETF by 3.9% in the 3rd quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock valued at $18,335,000 after buying an additional 8,581 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

NASDAQ:IMCV traded up $0.20 on Friday, hitting $98.43. The company’s stock had a trading volume of 11,527 shares, compared to its average volume of 27,343. The stock has a fifty day moving average of $93.44 and a two-hundred day moving average of $89.49. The firm has a market capitalization of $1.18 billion, a P/E ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a one year low of $77.65 and a one year high of $98.46.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 1.7%. 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.

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.