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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 17,602 shares, a growth of 74.6% from the February 26th total of 10,084 shares. Based on an average trading volume of 24,770 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IMCV. EP Wealth Advisors LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at approximately $3,554,000. Russell Investments Group Ltd. grew 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 worth $29,000 after acquiring an additional 280 shares in the last quarter. Captrust Financial Advisors increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 278.7% in the 4th quarter. Captrust Financial Advisors now owns 46,626 shares of the company’s stock valued at $3,839,000 after purchasing an additional 34,315 shares during the last quarter. Royal Bank of Canada increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.5% in the 4th quarter. Royal Bank of Canada now owns 93,331 shares of the company’s stock valued at $7,685,000 after purchasing an additional 485 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 153.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,091 shares of the company’s stock valued at $172,000 after purchasing an additional 1,266 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV traded down $0.68 during mid-day trading on Friday, hitting $83.65. The company had a trading volume of 15,002 shares, compared to its average volume of 32,047. The company has a market capitalization of $932.70 million, a PE ratio of 16.35 and a beta of 0.96. The business’s 50-day simple moving average is $86.46 and its 200 day simple moving average is $83.00. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $89.61.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given 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 yield of 1.7%.

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.