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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,596 shares, a growth of 68.9% from the August 31st total of 8,049 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 17,402 shares, the days-to-cover ratio is presently 0.8 days.

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

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $26,000. Bessemer Group Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at $53,000. Western Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $132,000. Harbour Investments Inc. raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 5,071.8% during the 4th quarter. Harbour Investments Inc. now owns 2,017 shares of the company’s stock worth $166,000 after purchasing an additional 1,978 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the second quarter valued at $210,000.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.0%

Shares of NASDAQ IMCV traded down $0.03 during mid-day trading on Wednesday, reaching $92.40. The company had a trading volume of 1,255 shares, compared to its average volume of 26,284. The firm has a 50 day simple moving average of $96.21 and a two-hundred day simple moving average of $91.52. The stock has a market cap of $1.13 billion, a P/E ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $99.01.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.5179 per share. This represents a $2.07 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

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.