iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Up 222.2% in January

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 81,200 shares, an increase of 222.2% from the December 31st total of 25,200 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is presently 3.6 days.

iShares Morningstar Mid-Cap Value ETF Price Performance

iShares Morningstar Mid-Cap Value ETF stock traded up $0.14 during mid-day trading on Wednesday, hitting $76.85. The company’s stock had a trading volume of 4,703 shares, compared to its average volume of 27,053. The business has a 50 day moving average price of $76.75 and a 200-day moving average price of $75.83. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $65.67 and a 12 month high of $81.32. The stock has a market cap of $680.08 million, a price-to-earnings ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $203,000. Oakworth Capital Inc. bought a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $263,000. JPMorgan Chase & Co. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock valued at $285,000 after acquiring an additional 670 shares during the period. Private Advisor Group LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 12.6% during the third quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock valued at $303,000 after acquiring an additional 442 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 35.8% during the third quarter. FMR LLC now owns 3,993 shares of the company’s stock worth $306,000 after purchasing an additional 1,052 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.