iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 23.5% in February

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 85,200 shares, a decrease of 23.5% from the January 31st total of 111,400 shares. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is currently 2.7 days.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV opened at $75.65 on Tuesday. The company has a market capitalization of $669.50 million, a P/E ratio of 15.65 and a beta of 1.08. The business’s 50-day moving average is $75.76 and its two-hundred day moving average is $76.42. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $68.12 and a fifty-two week high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.5157 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 35.8% during the 3rd quarter. FMR LLC now owns 3,993 shares of the company’s stock valued at $306,000 after purchasing an additional 1,052 shares in the last quarter. Jane Street Group LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at $467,000. EP Wealth Advisors LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at $3,316,000. Private Advisor Group LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 12.6% in the third quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock worth $303,000 after acquiring an additional 442 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth about $1,782,000.

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.