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 during the month of December. As of December 31st, there was short interest totalling 81,200 shares, an increase of 222.2% from the December 15th total of 25,200 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 3.6 days.

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

A number of large investors have recently added to or reduced their stakes in IMCV. Ashton Thomas Private Wealth LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth $56,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,897 shares of the company’s stock valued at $2,170,000 after purchasing an additional 465 shares in the last quarter. Black Diamond Financial LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 23.7% during the 2nd quarter. Black Diamond Financial LLC now owns 93,091 shares of the company’s stock valued at $6,539,000 after purchasing an additional 17,837 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at about $226,000. Finally, Cetera Investment Advisers boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 6.4% during the 2nd quarter. Cetera Investment Advisers now owns 22,567 shares of the company’s stock valued at $1,585,000 after purchasing an additional 1,351 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.1 %

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $75.75 on Thursday. The firm has a market cap of $666.60 million, a PE ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $65.23 and a 12-month high of $81.32. The company’s fifty day simple moving average is $77.11 and its two-hundred day simple moving average is $75.37.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued 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.