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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large decrease in short interest in the month of 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. Based on an average daily volume of 22,347 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

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

Several institutional investors have recently added to or reduced their stakes in IMCV. Raymond James Financial Inc. increased its stake in 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 acquiring an additional 13,194 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 22.1% during the 4th quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock valued at $27,895,000 after acquiring an additional 61,366 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 291,826 shares of the company’s stock valued at $24,028,000 after purchasing an additional 19,595 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 valued at $21,514,000 after purchasing an additional 42,544 shares in the last quarter. Finally, Bank of America Corp DE increased its position in iShares Morningstar Mid-Cap Value ETF by 3.9% in the third quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock worth $18,335,000 after purchasing an additional 8,581 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

IMCV traded down $0.04 during trading on Friday, reaching $94.58. 5,448 shares of the company traded hands, compared to its average volume of 27,475. The company has a market cap of $1.13 billion, a P/E ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $75.64 and a 12-month high of $95.46. The firm has a fifty day simple moving average of $90.75 and a 200 day simple moving average of $87.88.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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.