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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 81,200 shares, an increase of 222.2% from the December 31st total of 25,200 shares. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is presently 3.6 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMCV. Park Avenue Securities LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $203,000. Oakworth Capital Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $263,000. JPMorgan Chase & Co. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock worth $285,000 after acquiring an additional 670 shares in the last quarter. Private Advisor Group LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 12.6% in the third quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock valued at $303,000 after purchasing an additional 442 shares in the last quarter. Finally, FMR LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 35.8% during the 3rd quarter. FMR LLC now owns 3,993 shares of the company’s stock worth $306,000 after purchasing an additional 1,052 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.5 %

IMCV stock traded down $0.36 during midday trading on Tuesday, reaching $76.98. The company’s stock had a trading volume of 9,540 shares, compared to its average volume of 21,747. The business’s 50-day simple moving average is $76.78 and its 200-day simple moving average is $75.80. The stock has a market cap of $681.27 million, a PE ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $65.67 and a 52 week high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.5157 per share. The ex-dividend date of this dividend 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.