Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Increases By 24.8%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 21,965 shares, an increase of 24.8% from the March 15th total of 17,602 shares. Based on an average daily trading volume, of 26,224 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are short sold.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV traded up $0.41 during mid-day trading on Thursday, reaching $87.48. The company had a trading volume of 14,002 shares, compared to its average volume of 33,084. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $67.54 and a twelve month high of $89.61. The company’s 50-day moving average is $86.56 and its 200-day moving average is $83.56. The company has a market capitalization of $1.01 billion, a P/E ratio of 16.35 and a beta of 0.90.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $0.3501 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%.

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

A number of hedge funds have recently modified their holdings of IMCV. Russell Investments Group Ltd. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at $34,000. Wealth Watch Advisors INC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $35,000. GGM Financials LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $40,000. Finally, Assetmark Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% in the 3rd quarter. Assetmark Inc. now owns 692 shares of the company’s stock worth $56,000 after purchasing an additional 210 shares during the last quarter.

About iShares Morningstar Mid-Cap Value ETF

(Get Free Report)

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.

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