iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Significant Growth in Short Interest

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 54,500 shares, a growth of 197.8% from the September 15th total of 18,300 shares. Based on an average trading volume of 20,300 shares, the short-interest ratio is currently 2.7 days.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.1 %

Shares of IMCV stock traded up $0.81 on Friday, reaching $76.76. The company’s stock had a trading volume of 24,550 shares, compared to its average volume of 22,537. The company has a market capitalization of $640.95 million, a P/E ratio of 15.65 and a beta of 1.08. The stock’s 50 day simple moving average is $74.76 and its 200-day simple moving average is $72.42. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $57.34 and a 12-month high of $77.13.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were given a $0.5452 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Park Avenue Securities LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter worth about $203,000. Cetera Investment Advisers increased its stake in iShares Morningstar Mid-Cap Value ETF by 6.4% in the 2nd quarter. Cetera Investment Advisers now owns 22,567 shares of the company’s stock worth $1,585,000 after purchasing an additional 1,351 shares during the period. AE Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the second quarter valued at approximately $226,000. Black Diamond Financial LLC lifted its position in iShares Morningstar Mid-Cap Value ETF by 23.7% in the second 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 1.5% during the second 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 during the period.

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.