iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Short Interest Up 107.5% in June

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,023 shares, an increase of 107.5% from the June 15th total of 25,070 shares. Based on an average trading volume of 35,792 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Allegheny Financial Group raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.0% in the 1st quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock valued at $284,000 after buying an additional 130 shares during the period. IHT Wealth Management LLC grew its position in iShares Morningstar Mid-Cap ETF by 2.9% in the 4th quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock valued at $469,000 after acquiring an additional 158 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in iShares Morningstar Mid-Cap ETF by 50.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in iShares Morningstar Mid-Cap ETF by 3.5% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,197 shares of the company’s stock worth $430,000 after purchasing an additional 177 shares during the period. Finally, Mariner LLC increased its stake in iShares Morningstar Mid-Cap ETF by 2.7% during the fourth quarter. Mariner LLC now owns 7,316 shares of the company’s stock worth $605,000 after purchasing an additional 195 shares during the period. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of iShares Morningstar Mid-Cap ETF stock traded down $0.02 on Friday, reaching $97.00. The company had a trading volume of 6,498 shares, compared to its average volume of 42,583. The firm’s 50 day moving average price is $94.26 and its two-hundred day moving average price is $89.08. iShares Morningstar Mid-Cap ETF has a 52-week low of $78.89 and a 52-week high of $97.76. The firm has a market cap of $1.64 billion, a PE ratio of 64.24 and a beta of 0.98.

About iShares Morningstar Mid-Cap ETF

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.