Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Declines By 12.5%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 25,200 shares, a decline of 12.5% from the August 15th total of 28,800 shares. Based on an average daily trading volume, of 18,800 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 38.4% in the first quarter. Osaic Holdings Inc. now owns 130,491 shares of the company’s stock worth $9,467,000 after purchasing an additional 36,208 shares in the last quarter. LRI Investments LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at approximately $1,653,000. Diversify Advisory Services LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $1,604,000. Black Diamond Financial LLC boosted its stake 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 acquiring an additional 17,837 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 6.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 255,330 shares of the company’s stock worth $17,934,000 after purchasing an additional 15,922 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

iShares Morningstar Mid-Cap Value ETF stock traded down $0.18 during mid-day trading on Wednesday, reaching $75.96. 7,825 shares of the company were exchanged, compared to its average volume of 22,825. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $57.34 and a 12-month high of $76.62. The business has a fifty day moving average of $73.60 and a 200 day moving average of $71.70. The firm has a market cap of $641.86 million, a P/E ratio of 15.65 and a beta of 1.08.

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.