Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Decreases By 70.2%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 13,845 shares, a decline of 70.2% from the July 30th total of 46,421 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 25,443 shares, the days-to-cover ratio is presently 0.5 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 3.3% in the 3rd quarter. Raymond James Financial Inc. now owns 409,104 shares of the company’s stock worth $32,872,000 after buying an additional 13,194 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 22.1% during the fourth quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock worth $27,895,000 after acquiring an additional 61,366 shares during the period. Commonwealth Equity Services LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 291,826 shares of the company’s stock worth $24,028,000 after acquiring an additional 19,595 shares during the period. Wells Fargo & Company MN boosted its position in iShares Morningstar Mid-Cap Value ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 261,282 shares of the company’s stock worth $21,514,000 after purchasing an additional 42,544 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in iShares Morningstar Mid-Cap Value ETF by 3.9% in the 3rd quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock valued at $18,335,000 after purchasing an additional 8,581 shares during the period.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV stock traded down $0.23 on Friday, hitting $97.66. The stock had a trading volume of 11,593 shares, compared to its average volume of 26,862. The business has a 50 day moving average of $95.09 and a 200 day moving average of $90.39. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $77.65 and a 12-month high of $99.01. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

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.