Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Increases By 619.1%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 36,849 shares, an increase of 619.1% from the April 15th total of 5,124 shares. Based on an average daily trading volume, of 20,940 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the shares of the stock are short sold.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at about $26,000. Russell Investments Group Ltd. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the period. Godfrey Financial Associates Inc. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth approximately $34,000. Wealth Watch Advisors INC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter worth $35,000. Finally, GGM Financials LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $40,000.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

Shares of iShares Morningstar Mid-Cap Value ETF stock traded up $0.22 on Tuesday, hitting $88.60. 11,410 shares of the company traded hands, compared to its average volume of 30,352. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $72.61 and a 12-month high of $89.74. The company has a market cap of $1.02 billion, a P/E ratio of 16.35 and a beta of 0.87. The firm’s 50-day simple moving average is $86.55 and its 200 day simple moving average is $84.56.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.3501 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.40 annualized dividend and a yield of 1.6%.

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.