Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Declines By 23.5%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 85,200 shares, a decline of 23.5% from the January 31st total of 111,400 shares. Based on an average daily volume of 32,100 shares, the short-interest ratio is presently 2.7 days.

iShares Morningstar Mid-Cap Value ETF Trading Down 1.0 %

Shares of IMCV traded down $0.71 during midday trading on Thursday, reaching $73.86. The stock had a trading volume of 967 shares, compared to its average volume of 21,783. The company has a market capitalization of $653.66 million, a price-to-earnings ratio of 16.67 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $68.12 and a 12-month high of $81.32. The company’s 50-day moving average is $75.74 and its 200 day moving average is $76.41.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

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

A number of hedge funds have recently modified their holdings of IMCV. Ameriflex Group Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth approximately $32,000. Revisor Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at approximately $226,000. Retirement Planning Group LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 2.0% in the fourth quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock worth $1,419,000 after acquiring an additional 366 shares during the period. Vivaldi Capital Management LP boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 5.5% in the fourth quarter. Vivaldi Capital Management LP now owns 22,366 shares of the company’s stock valued at $1,730,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Focus Partners Wealth increased its position in iShares Morningstar Mid-Cap Value ETF by 2,220.8% during the 4th quarter. Focus Partners Wealth now owns 305,677 shares of the company’s stock valued at $22,700,000 after purchasing an additional 292,506 shares during the period.

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.