Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Expands By 128.9%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 46,421 shares, a growth of 128.9% from the July 15th total of 20,276 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,709 shares, the days-to-cover ratio is currently 1.8 days.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

IMCV stock traded up $0.20 during trading on Friday, hitting $98.43. The company had a trading volume of 11,527 shares, compared to its average volume of 27,343. The company has a fifty day moving average price of $93.60 and a two-hundred day moving average price of $89.56. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $98.46. The company has a market cap of $1.18 billion, a P/E ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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

Large investors have recently made changes to their positions in the company. Merit Financial Group LLC lifted its holdings in 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 purchasing an additional 143 shares during the last quarter. Compass Financial Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the second quarter worth about $33,000. Trust Co. of Vermont acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the second quarter worth approximately $55,000. Russell Investments Group Ltd. increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 280 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $26,000.

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.