iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Up 128.9% in July

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 46,421 shares, an increase of 128.9% from the July 15th total of 20,276 shares. Based on an average trading volume of 25,709 shares, the short-interest ratio is currently 1.8 days. Currently, 0.4% of the shares of the company are sold short.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV traded up $0.20 on Friday, reaching $98.43. 11,527 shares of the stock were exchanged, compared to its average volume of 27,343. The company’s 50-day moving average price is $93.60 and its 200 day moving average price is $89.56. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $98.46. The firm has a market capitalization of $1.18 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.418 dividend. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several large investors have recently made changes to their positions in IMCV. International Assets Investment Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth $26,000. Russell Investments Group Ltd. grew its position in iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the period. Compass Financial Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at about $33,000. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $34,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $35,000.

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.