Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Grows By 222.2%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 81,200 shares, an increase of 222.2% from the December 31st total of 25,200 shares. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 3.6 days.

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

Several hedge funds have recently modified their holdings of IMCV. Black Diamond Financial LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 12.0% in the third quarter. Black Diamond Financial LLC now owns 104,242 shares of the company’s stock valued at $8,029,000 after acquiring an additional 11,151 shares during the last quarter. swisspartners Advisors Ltd purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $7,922,000. Rodgers & Associates LTD lifted its stake in iShares Morningstar Mid-Cap Value ETF by 7.4% in the fourth quarter. Rodgers & Associates LTD now owns 85,443 shares of the company’s stock valued at $6,345,000 after purchasing an additional 5,868 shares during the last quarter. Marietta Wealth Management LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 2.4% during the fourth quarter. Marietta Wealth Management LLC now owns 73,906 shares of the company’s stock valued at $5,488,000 after purchasing an additional 1,718 shares during the period. Finally, Lebenthal Global Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth $3,908,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV traded up $0.14 during trading on Wednesday, hitting $76.85. The stock had a trading volume of 4,703 shares, compared to its average volume of 27,053. The firm has a fifty day moving average of $76.75 and a two-hundred day moving average of $75.83. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $65.67 and a 12 month high of $81.32. The company has a market capitalization of $680.08 million, a PE ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $0.5157 dividend. The ex-dividend date of this dividend was Tuesday, December 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.