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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 45,600 shares, an increase of 9.4% from the March 15th total of 41,700 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of hedge funds have recently made changes to their positions in IMCV. Aire Advisors LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 34.2% during the fourth quarter. Aire Advisors LLC now owns 38,375 shares of the company’s stock worth $2,599,000 after buying an additional 9,784 shares during the last quarter. UBS Group AG increased its holdings in iShares Morningstar Mid-Cap Value ETF by 8.4% during the 3rd quarter. UBS Group AG now owns 107,494 shares of the company’s stock valued at $6,513,000 after purchasing an additional 8,368 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in iShares Morningstar Mid-Cap Value ETF by 10.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,130 shares of the company’s stock valued at $3,733,000 after purchasing an additional 5,025 shares during the last quarter. Raymond James & Associates boosted its stake in iShares Morningstar Mid-Cap Value ETF by 35.0% in the fourth quarter. Raymond James & Associates now owns 92,597 shares of the company’s stock worth $6,271,000 after purchasing an additional 23,984 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.8% during the third quarter. Trivant Custom Portfolio Group LLC now owns 4,065 shares of the company’s stock worth $246,000 after purchasing an additional 188 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ IMCV opened at $68.22 on Wednesday. The business’s 50-day simple moving average is $69.66 and its 200-day simple moving average is $65.77. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $57.34 and a 52 week high of $72.64. The firm has a market cap of $586.69 million, a price-to-earnings ratio of 14.20 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a $0.3268 dividend. This represents a $1.31 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, March 21st.

About iShares Morningstar Mid-Cap Value ETF

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.