iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 48,585 shares, an increase of 65.5% from the January 15th total of 29,355 shares. Based on an average daily trading volume, of 34,007 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 34,007 shares, the short-interest ratio is currently 1.4 days.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.2%

NASDAQ:IMCV traded up $1.05 during trading hours on Friday, hitting $88.95. 28,788 shares of the stock traded hands, compared to its average volume of 33,423. The company has a market cap of $991.79 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The stock has a 50 day moving average price of $84.66 and a 200 day moving average price of $81.34. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $64.02 and a 1 year high of $89.61.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.5403 per share. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th.

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

A number of hedge funds have recently made changes to their positions in the stock. DAVENPORT & Co LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 19.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 62,845 shares of the company’s stock worth $5,050,000 after acquiring an additional 10,323 shares in the last quarter. Rodgers & Associates LTD lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% during the 2nd quarter. Rodgers & Associates LTD now owns 100,912 shares of the company’s stock valued at $7,667,000 after buying an additional 6,732 shares in the last quarter. Madison Wealth Partners Inc grew its stake in iShares Morningstar Mid-Cap Value ETF by 9.1% in the 2nd quarter. Madison Wealth Partners Inc now owns 8,616 shares of the company’s stock valued at $655,000 after acquiring an additional 722 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the 2nd quarter valued at $430,000. Finally, Osaic Holdings Inc. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 5.0% in the 2nd quarter. Osaic Holdings Inc. now owns 218,051 shares of the company’s stock worth $16,567,000 after acquiring an additional 10,319 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.