iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 41.9% in August

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 8,049 shares, a drop of 41.9% from the August 15th total of 13,845 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 18,903 shares, the short-interest ratio is presently 0.4 days.

iShares Morningstar Mid-Cap Value ETF Trading Down 1.2%

Shares of IMCV traded down $1.10 on Wednesday, reaching $94.30. The company’s stock had a trading volume of 30,648 shares, compared to its average volume of 26,279. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $77.65 and a twelve month high of $99.01. The firm has a fifty day moving average of $96.22 and a 200-day moving average of $91.08. The stock has a market capitalization of $1.15 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 15th will be issued a $0.5179 dividend. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 2.2%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Matrix Trust Co lifted its stake in iShares Morningstar Mid-Cap Value ETF by 1.2% in the 2nd quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock worth $19,164,000 after purchasing an additional 2,402 shares in the last quarter. Rodgers & Associates LTD grew its position in iShares Morningstar Mid-Cap Value ETF by 0.7% during the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock valued at $11,006,000 after acquiring an additional 795 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock worth $9,311,000 after acquiring an additional 13,385 shares during the last quarter. Bedel Financial Consulting Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,495 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.4% during the 1st quarter. Royal Bank of Canada now owns 97,441 shares of the company’s stock valued at $8,262,000 after purchasing an additional 4,110 shares during 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.