iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Growth in Short Interest

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 25,070 shares, a growth of 69.4% from the May 31st total of 14,799 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 29,395 shares, the days-to-cover ratio is presently 0.9 days.

iShares Morningstar Mid-Cap ETF Price Performance

iShares Morningstar Mid-Cap ETF stock traded down $0.17 during mid-day trading on Thursday, hitting $96.53. 70,382 shares of the company’s stock traded hands, compared to its average volume of 42,382. The firm has a 50 day simple moving average of $92.73 and a two-hundred day simple moving average of $88.03. iShares Morningstar Mid-Cap ETF has a fifty-two week low of $78.89 and a fifty-two week high of $97.76. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 63.93 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several large investors have recently modified their holdings of IMCB. Western Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter worth about $134,000. NewEdge Advisors LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 155.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,087 shares of the company’s stock valued at $424,000 after acquiring an additional 3,099 shares during the period. Mullaney Keating & Wright Inc. raised its holdings in iShares Morningstar Mid-Cap ETF by 25.8% in the 1st quarter. Mullaney Keating & Wright Inc. now owns 3,810 shares of the company’s stock valued at $318,000 after acquiring an additional 781 shares during the period. Bank of America Corp DE lifted its position in iShares Morningstar Mid-Cap ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 113,351 shares of the company’s stock worth $9,457,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the first quarter worth approximately $377,000. 22.26% of the stock is owned by institutional investors.

About iShares Morningstar Mid-Cap ETF

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.