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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 111,400 shares, an increase of 32.9% from the January 15th total of 83,800 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HM Payson & Co. purchased a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at about $51,000. Parkside Financial Bank & Trust grew its stake in iShares Morningstar Mid-Cap Value ETF by 53.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 783 shares of the company’s stock worth $58,000 after purchasing an additional 273 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth about $71,000. Harbour Investments Inc. grew its stake in iShares Morningstar Mid-Cap Value ETF by 11.2% in the fourth quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock worth $191,000 after purchasing an additional 259 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in iShares Morningstar Mid-Cap Value ETF by 209.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,701 shares of the company’s stock worth $201,000 after purchasing an additional 1,829 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

NASDAQ:IMCV traded up $0.04 during trading hours on Friday, reaching $76.06. 7,848 shares of the company traded hands, compared to its average volume of 36,878. The firm’s 50-day moving average is $75.72 and its 200-day moving average is $76.07. The stock has a market cap of $673.13 million, a P/E ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $67.20 and a 1-year high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.5157 per share. The ex-dividend date was Tuesday, December 17th.

iShares Morningstar Mid-Cap Value ETF Company Profile

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.