iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Up 619.1% in April

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 36,849 shares, an increase of 619.1% from the April 15th total of 5,124 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 20,940 shares, the short-interest ratio is presently 1.8 days.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Granville Capital Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth $11,654,000. UBS Group AG grew its stake in iShares Morningstar Mid-Cap Value ETF by 82.2% during the third quarter. UBS Group AG now owns 187,737 shares of the company’s stock valued at $15,085,000 after acquiring an additional 84,677 shares in the last quarter. Black Diamond Financial LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 71.5% in the 3rd quarter. Black Diamond Financial LLC now owns 189,922 shares of the company’s stock valued at $15,260,000 after acquiring an additional 79,153 shares during the last quarter. LPL Financial LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 22.1% in the 4th quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock worth $27,895,000 after purchasing an additional 61,366 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in iShares Morningstar Mid-Cap Value ETF by 18.2% in the 2nd quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock worth $30,081,000 after purchasing an additional 60,971 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.1%

Shares of IMCV opened at $88.25 on Thursday. The business’s 50 day moving average is $86.52 and its 200 day moving average is $84.68. The company has a market capitalization of $1.02 billion, a PE ratio of 16.35 and a beta of 0.87. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $72.61 and a 12-month high of $89.74.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

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.