iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 31,720 shares, a growth of 320.3% from the November 30th total of 7,547 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 22,203 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 22,203 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 9.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 51,180 shares of the company’s stock worth $3,797,000 after purchasing an additional 4,338 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 27.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,950 shares of the company’s stock valued at $143,000 after purchasing an additional 422 shares during the period. Royal Bank of Canada raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 3.2% in the 1st quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock worth $2,783,000 after buying an additional 1,168 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1,200.3% in the first quarter. Jones Financial Companies Lllp now owns 35,120 shares of the company’s stock valued at $2,767,000 after buying an additional 32,419 shares during the period. Finally, Jane Street Group LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 19.3% during the first quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock valued at $316,000 after buying an additional 691 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

NASDAQ:IMCV opened at $83.20 on Friday. The stock has a market cap of $902.72 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $64.02 and a 1 year high of $84.14. The business has a fifty day moving average of $80.99 and a 200-day moving average of $79.16.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.5403 per share. This represents a $2.16 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

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.