iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 37.3% in June

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 21,194 shares, a decrease of 37.3% from the June 15th total of 33,796 shares. Based on an average daily trading volume, of 22,347 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.0%

Shares of IMCV stock traded down $0.04 on Friday, reaching $94.58. 5,448 shares of the company’s stock were exchanged, compared to its average volume of 27,475. The company’s fifty day simple moving average is $90.75 and its 200 day simple moving average is $87.88. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $75.64 and a 52 week high of $95.46. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.418 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 dividend on an annualized basis and a yield of 1.8%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter worth about $26,000. Russell Investments Group Ltd. lifted 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 buying an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $34,000. Wealth Watch Advisors INC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $35,000. Finally, Bessemer Group Inc. bought a new position in iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth about $53,000.

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.