iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Significant Increase in Short Interest

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

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB remained flat at $96.96 during mid-day trading on Friday. The stock had a trading volume of 71,107 shares, compared to its average volume of 42,408. The company’s fifty day moving average price is $92.88 and its two-hundred day moving average price is $88.13. iShares Morningstar Mid-Cap ETF has a one year low of $78.89 and a one year high of $97.76. The stock has a market capitalization of $1.64 billion, a P/E ratio of 64.21 and a beta of 0.98.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several large investors have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 3,833.4% in the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock worth $152,747,000 after purchasing an additional 1,799,387 shares during the period. Morgan Stanley raised its stake in shares of iShares Morningstar Mid-Cap ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock valued at $124,223,000 after purchasing an additional 228,216 shares during the period. UBS Group AG lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock valued at $110,177,000 after purchasing an additional 10,355 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the first quarter valued at about $117,280,000. Finally, Means Investment CO. Inc. boosted its position in shares of iShares Morningstar Mid-Cap ETF by 4.1% during the fourth quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock worth $35,410,000 after buying an additional 16,966 shares during the period. Institutional investors own 22.26% of the company’s stock.

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.