Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Drops By 46.4%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 38,100 shares, a decrease of 46.4% from the August 31st total of 71,100 shares. Based on an average daily volume of 34,500 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 34,500 shares, the short-interest ratio is presently 1.1 days.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV opened at $80.95 on Monday. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $64.02 and a 12-month high of $81.32. The company has a market capitalization of $862.12 million, a PE ratio of 16.35 and a beta of 1.08. The firm’s 50-day moving average is $79.09 and its two-hundred day moving average is $75.60.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $0.4212 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 16th.

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

A number of institutional investors have recently modified their holdings of IMCV. Envestnet Asset Management Inc. raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 335.2% in the second quarter. Envestnet Asset Management Inc. now owns 123,020 shares of the company’s stock valued at $9,347,000 after buying an additional 94,752 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock valued at $30,081,000 after buying an additional 60,971 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 1,200.3% in the first quarter. Jones Financial Companies Lllp now owns 35,120 shares of the company’s stock valued at $2,767,000 after buying an additional 32,419 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the second quarter valued at approximately $1,956,000. Finally, Cetera Investment Advisers raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 116.0% in the second quarter. Cetera Investment Advisers now owns 47,852 shares of the company’s stock valued at $3,636,000 after buying an additional 25,697 shares during the last quarter.

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.