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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 23,400 shares, a drop of 44.7% from the September 30th total of 42,300 shares. Based on an average trading volume of 38,400 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 38,400 shares, the short-interest ratio is presently 0.6 days.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.2%

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $79.38 on Friday. The business has a 50-day moving average price of $79.86 and a two-hundred day moving average price of $76.74. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $81.33. The company has a market cap of $853.34 million, a P/E ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.4212 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.1%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock worth $30,081,000 after buying an additional 60,971 shares during the period. Orgel Wealth Management LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 5.7% in the second quarter. Orgel Wealth Management LLC now owns 359,977 shares of the company’s stock worth $27,351,000 after purchasing an additional 19,452 shares during the period. Commonwealth Equity Services LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 272,231 shares of the company’s stock worth $21,874,000 after purchasing an additional 2,126 shares during the period. Bank of America Corp DE grew its holdings in iShares Morningstar Mid-Cap Value ETF by 6.6% in the second quarter. Bank of America Corp DE now owns 219,604 shares of the company’s stock worth $16,686,000 after purchasing an additional 13,649 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in iShares Morningstar Mid-Cap Value ETF by 5.0% in the second quarter. Osaic Holdings Inc. now owns 218,051 shares of the company’s stock worth $16,567,000 after purchasing an additional 10,319 shares during the period.

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.