iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Increase in Short Interest

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 111,400 shares, a growth of 32.9% from the January 15th total of 83,800 shares. Based on an average daily trading volume, of 32,300 shares, the short-interest ratio is presently 3.4 days.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.1 %

Shares of NASDAQ IMCV traded up $0.04 on Friday, hitting $76.06. The company had a trading volume of 7,848 shares, compared to its average volume of 36,878. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $67.20 and a 12-month high of $81.32. The business has a 50 day moving average of $75.72 and a two-hundred day moving average of $76.07. The firm has a market capitalization of $673.13 million, a P/E ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.5157 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IMCV. HM Payson & Co. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth about $51,000. Parkside Financial Bank & Trust lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 53.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 783 shares of the company’s stock worth $58,000 after acquiring an additional 273 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth about $71,000. Harbour Investments Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 11.2% in the fourth quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock worth $191,000 after acquiring an additional 259 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 209.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,701 shares of the company’s stock worth $201,000 after acquiring an additional 1,829 shares in the last quarter.

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.