iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Growth in Short Interest

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 65,468 shares, an increase of 34.7% from the January 29th total of 48,585 shares. Based on an average daily volume of 31,698 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 31,698 shares, the days-to-cover ratio is currently 2.1 days.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.2%

IMCV traded down $0.19 during midday trading on Monday, hitting $89.07. 19,817 shares of the company were exchanged, compared to its average volume of 35,043. The company’s 50 day simple moving average is $85.91 and its 200 day simple moving average is $82.20. The firm has a market capitalization of $993.13 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $89.61.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.5403 per share. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, December 16th.

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

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

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.