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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 81,200 shares, an increase of 222.2% from the December 31st total of 25,200 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is presently 3.6 days.

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

A number of hedge funds have recently made changes to their positions in IMCV. Park Avenue Securities LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth $203,000. Oakworth Capital Inc. bought a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter worth approximately $263,000. JPMorgan Chase & Co. grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock worth $285,000 after buying an additional 670 shares in the last quarter. Private Advisor Group LLC increased its position in iShares Morningstar Mid-Cap Value ETF by 12.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock valued at $303,000 after purchasing an additional 442 shares during the period. Finally, FMR LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 35.8% during the third quarter. FMR LLC now owns 3,993 shares of the company’s stock valued at $306,000 after buying an additional 1,052 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock traded up $0.78 during trading hours on Thursday, hitting $77.19. The company’s stock had a trading volume of 24,562 shares, compared to its average volume of 27,124. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $65.67 and a 12-month high of $81.32. The company has a market cap of $683.13 million, a PE ratio of 15.65 and a beta of 1.08. The business has a 50 day moving average price of $76.70 and a two-hundred day moving average price of $75.84.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $0.5157 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.