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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 13,845 shares, a decrease of 70.2% from the July 30th total of 46,421 shares. Based on an average trading volume of 25,443 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV stock traded down $0.30 on Thursday, reaching $98.07. 16,749 shares of the company were exchanged, compared to its average volume of 26,882. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $77.65 and a 12 month high of $99.01. The stock’s fifty day moving average price is $94.77 and its 200 day moving average price is $90.27. The firm has a market capitalization of $1.17 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.418 per share. 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 dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 3.3% in the third quarter. Raymond James Financial Inc. now owns 409,104 shares of the company’s stock valued at $32,872,000 after purchasing an additional 13,194 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 22.1% in the 4th quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock valued at $27,895,000 after buying an additional 61,366 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 291,826 shares of the company’s stock worth $24,028,000 after acquiring an additional 19,595 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 261,282 shares of the company’s stock worth $21,514,000 after acquiring an additional 42,544 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 3.9% during the 3rd quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock valued at $18,335,000 after acquiring an additional 8,581 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.