iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Shares Shorted: Short Interest Up 68.9% in September

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,596 shares, an increase of 68.9% from the August 31st total of 8,049 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,402 shares, the short-interest ratio is currently 0.8 days.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV stock traded down $0.03 during trading hours on Wednesday, reaching $92.40. The company had a trading volume of 1,255 shares, compared to its average volume of 26,284. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $77.65 and a 12-month high of $99.01. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The stock has a fifty day moving average of $96.21 and a 200-day moving average of $91.52.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.5179 dividend. This represents a $2.07 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth approximately $26,000. PCA Investment Advisory Services Inc. lifted its stake 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 in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% during the second quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock worth $503,000 after buying an additional 401 shares during the period. Bessemer Group Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at $53,000. Finally, Ipsen Advisor Group LLC grew its stake in shares of iShares Morningstar Mid-Cap Value ETF by 0.8% in the fourth quarter. Ipsen Advisor Group LLC now owns 83,657 shares of the company’s stock valued at $6,888,000 after buying an additional 637 shares in the last quarter.

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.