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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 13,845 shares, a decrease of 70.2% from the July 30th total of 46,421 shares. Based on an average daily volume of 25,443 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.2%

iShares Morningstar Mid-Cap Value ETF stock traded down $0.23 during midday trading on Friday, reaching $97.66. The stock had a trading volume of 11,593 shares, compared to its average volume of 26,862. The firm has a market capitalization of $1.17 billion, a PE ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $77.65 and a 12 month high of $99.01. The firm’s 50-day moving average price is $94.93 and its 200 day moving average price is $90.34.

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 $0.418 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.67 annualized dividend and a yield of 1.7%. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMCV. Merit Financial Group LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 0.5% during the third quarter. Merit Financial Group LLC now owns 27,593 shares of the company’s stock valued at $2,217,000 after buying an additional 143 shares during the period. Compass Financial Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $33,000. Trust Co. of Vermont purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at $55,000. Russell Investments Group Ltd. grew its position in iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $26,000.

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.