iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Short Interest Update

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 52,023 shares, a growth of 107.5% from the June 15th total of 25,070 shares. Based on an average daily volume of 35,792 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the shares of the stock are sold short.

iShares Morningstar Mid-Cap ETF Stock Down 0.6%

NYSEARCA IMCB traded down $0.56 on Wednesday, reaching $96.56. The company had a trading volume of 55,051 shares, compared to its average volume of 42,737. The stock has a market capitalization of $1.63 billion, a PE ratio of 63.95 and a beta of 0.98. The firm’s 50 day moving average price is $94.04 and its 200 day moving average price is $88.90. iShares Morningstar Mid-Cap ETF has a 12 month low of $78.89 and a 12 month high of $97.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMCB. Matrix Trust Co lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.9% in the 2nd quarter. Matrix Trust Co now owns 191,562 shares of the company’s stock worth $18,497,000 after acquiring an additional 1,769 shares during the last quarter. Sunburst Financial Group LLC raised its position in iShares Morningstar Mid-Cap ETF by 9.5% in the 2nd quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock worth $23,337,000 after purchasing an additional 21,037 shares during the period. Western Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF in the 1st quarter worth about $134,000. NewEdge Advisors LLC raised its position in iShares Morningstar Mid-Cap ETF by 155.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,087 shares of the company’s stock worth $424,000 after purchasing an additional 3,099 shares during the period. Finally, Mullaney Keating & Wright Inc. lifted its stake in iShares Morningstar Mid-Cap ETF by 25.8% in the first quarter. Mullaney Keating & Wright Inc. now owns 3,810 shares of the company’s stock worth $318,000 after purchasing an additional 781 shares during the last quarter. Hedge funds and other 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.