iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Short Interest Update

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 52,023 shares, an increase of 107.5% from the June 15th total of 25,070 shares. Based on an average trading volume of 35,792 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IMCB. HighTower Advisors LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% during the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after acquiring an additional 1,799,387 shares during the period. RMG Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth approximately $117,280,000. Morgan Stanley lifted its holdings in iShares Morningstar Mid-Cap ETF by 17.9% during the fourth quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock valued at $124,223,000 after purchasing an additional 228,216 shares in the last quarter. Fortitude Financial LLC purchased a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter valued at approximately $14,450,000. Finally, Wells Fargo & Company MN boosted its position in shares of iShares Morningstar Mid-Cap ETF by 148.4% in the fourth quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock worth $16,945,000 after purchasing an additional 122,352 shares during the period. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Down 0.6%

NYSEARCA:IMCB traded down $0.56 during trading hours on Wednesday, hitting $96.56. 55,051 shares of the company traded hands, compared to its average volume of 42,737. The company has a market cap of $1.63 billion, a PE ratio of 63.95 and a beta of 0.98. The firm’s 50-day simple moving average is $94.04 and its 200-day simple moving average is $88.90. iShares Morningstar Mid-Cap ETF has a one year low of $78.89 and a one year high of $97.76.

iShares Morningstar Mid-Cap ETF Company Profile

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.