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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 62,600 shares, a drop of 15.9% from the February 28th total of 74,400 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 33,600 shares, the short-interest ratio is presently 1.9 days.

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

Large investors have recently modified their holdings of the business. FMR LLC grew 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 in the last quarter. Stifel Financial Corp boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 5.6% during the third quarter. Stifel Financial Corp now owns 40,934 shares of the company’s stock worth $3,137,000 after purchasing an additional 2,185 shares during the period. Jane Street Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $467,000. EP Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth about $3,316,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock worth $285,000 after acquiring an additional 670 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock traded down $2.80 on Thursday, reaching $72.10. 21,547 shares of the company’s stock were exchanged, compared to its average volume of 21,871. The firm’s 50-day moving average is $75.25 and its two-hundred day moving average is $76.29. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $68.12 and a 52 week high of $81.32. The company has a market capitalization of $638.09 million, a P/E ratio of 16.61 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.4353 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.