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

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

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV opened at $74.18 on Tuesday. The firm has a market cap of $652.78 million, a PE ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $65.23 and a 52-week high of $81.32. The business’s 50 day moving average price is $77.15 and its two-hundred day moving average price is $75.34.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently announced 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 Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Large investors have recently bought and sold shares of the stock. FMR LLC raised 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 valued at $306,000 after purchasing an additional 1,052 shares during the period. Jane Street Group LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter worth approximately $467,000. EP Wealth Advisors LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter worth approximately $3,316,000. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $1,782,000. Finally, LaFleur & Godfrey LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.7% during the third quarter. LaFleur & Godfrey LLC now owns 7,807 shares of the company’s stock valued at $598,000 after acquiring an additional 352 shares in the last quarter.

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.