Short Interest in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Increases By 69.4%

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 25,070 shares, a growth of 69.4% from the May 31st total of 14,799 shares. Based on an average daily volume of 29,395 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company’s shares are sold short.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB opened at $96.96 on Friday. The business’s 50-day moving average price is $93.03 and its 200 day moving average price is $88.19. The stock has a market capitalization of $1.64 billion, a P/E ratio of 64.21 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a 1-year low of $78.89 and a 1-year high of $97.76.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IMCB. Royal Bank of Canada raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.8% during the first quarter. Royal Bank of Canada now owns 46,267 shares of the company’s stock valued at $3,428,000 after acquiring an additional 369 shares during the period. Creative Planning boosted its stake in iShares Morningstar Mid-Cap ETF by 13.9% in the 2nd quarter. Creative Planning now owns 4,592 shares of the company’s stock worth $366,000 after purchasing an additional 562 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Morningstar Mid-Cap ETF by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,892 shares of the company’s stock worth $2,063,000 after purchasing an additional 993 shares during the period. Bank of America Corp DE grew its position in iShares Morningstar Mid-Cap ETF by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 92,496 shares of the company’s stock worth $7,368,000 after purchasing an additional 2,983 shares in the last quarter. Finally, MML Investors Services LLC grew its position in iShares Morningstar Mid-Cap ETF by 1.1% during the 2nd quarter. MML Investors Services LLC now owns 121,599 shares of the company’s stock worth $9,687,000 after purchasing an additional 1,298 shares in the last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.

About iShares Morningstar Mid-Cap ETF

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.