Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Grows By 222.2%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a significant 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 currently 3.6 days.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Large investors have recently made changes to their positions in the business. Park Avenue Securities LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter worth about $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. grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock valued at $285,000 after purchasing an additional 670 shares during the period. Private Advisor Group LLC boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock worth $303,000 after buying an additional 442 shares during the last quarter. Finally, FMR LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 35.8% during the third quarter. FMR LLC now owns 3,993 shares of the company’s stock worth $306,000 after purchasing an additional 1,052 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.0 %

Shares of NASDAQ:IMCV traded up $0.78 on Thursday, hitting $77.19. 24,562 shares of the company were exchanged, compared to its average volume of 27,124. The stock’s 50 day moving average price is $76.70 and its 200 day moving average price is $75.84. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $65.67 and a 1-year high of $81.32. The firm has a market capitalization of $683.13 million, a P/E ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.5157 dividend. 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.