iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 37.3% in June

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 21,194 shares, a decrease of 37.3% from the June 15th total of 33,796 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,347 shares, the short-interest ratio is currently 0.9 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Merit Financial Group LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 27,593 shares of the company’s stock valued at $2,217,000 after acquiring an additional 143 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 394.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth approximately $26,000. PCA Investment Advisory Services Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 2.3% during the fourth quarter. PCA Investment Advisory Services Inc. now owns 13,837 shares of the company’s stock worth $1,139,000 after purchasing an additional 313 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 18.8% during the second quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock worth $175,000 after purchasing an additional 367 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ:IMCV opened at $94.39 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of 16.35 and a beta of 0.86. The stock has a fifty day moving average of $90.87 and a 200-day moving average of $87.93. iShares Morningstar Mid-Cap Value ETF has a one year low of $75.64 and a one year high of $95.46.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th.

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.