iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 13,845 shares, a drop of 70.2% from the July 30th total of 46,421 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 25,443 shares, the days-to-cover ratio is currently 0.5 days.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.3%

NASDAQ:IMCV traded down $0.30 on Thursday, reaching $98.07. The stock had a trading volume of 16,749 shares, compared to its average volume of 26,882. The company has a market capitalization of $1.17 billion, a P/E ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $77.65 and a 1-year high of $99.01. The stock has a fifty day moving average price of $94.77 and a 200-day moving average price of $90.27.

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. This is an increase 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. This represents a $1.67 annualized dividend and a dividend yield of 1.7%.

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

Several institutional investors have recently modified their holdings of IMCV. Kintra Wealth LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 2nd quarter worth $210,000. Rodgers & Associates LTD lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.7% in the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock worth $11,006,000 after purchasing an additional 795 shares in the last quarter. Bedel Financial Consulting Inc. boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 7.1% during the second quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,495 shares during the last quarter. Compass Financial Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the second quarter worth $33,000. Finally, Trust Co. of Vermont bought a new position in iShares Morningstar Mid-Cap Value ETF in the second quarter valued at $55,000.

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.