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 growth in short interest during the month of March. As of March 13th, there was short interest totaling 17,602 shares, a growth of 74.6% from the February 26th total of 10,084 shares. Based on an average trading volume of 24,770 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in IMCV. Russell Investments Group Ltd. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 280 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $34,000. Wealth Watch Advisors INC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $35,000. GGM Financials LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $40,000. Finally, Assetmark Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% during the third quarter. Assetmark Inc. now owns 692 shares of the company’s stock worth $56,000 after purchasing an additional 210 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.8%

Shares of iShares Morningstar Mid-Cap Value ETF stock traded down $0.65 during midday trading on Friday, hitting $83.68. The company had a trading volume of 14,998 shares, compared to its average volume of 32,011. The stock has a market cap of $933.03 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The company has a fifty day simple moving average of $86.49 and a 200 day simple moving average of $82.95. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $64.02 and a 12-month high of $89.61.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.3501 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%.

iShares Morningstar Mid-Cap Value ETF Company Profile

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.