iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Down 15.9% in March

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

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

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 23.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,963 shares of the company’s stock worth $1,482,000 after buying an additional 3,801 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth about $32,000. Revisor Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $226,000. Retirement Planning Group LLC increased its stake in iShares Morningstar Mid-Cap Value ETF by 2.0% during the 4th quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock worth $1,419,000 after buying an additional 366 shares in the last quarter. Finally, Vivaldi Capital Management LP raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 5.5% during the fourth quarter. Vivaldi Capital Management LP now owns 22,366 shares of the company’s stock valued at $1,730,000 after acquiring an additional 1,158 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV stock traded down $2.80 during midday trading on Thursday, hitting $72.10. 21,547 shares of the stock traded hands, compared to its average volume of 21,871. The stock’s fifty day simple moving average is $75.25 and its 200-day simple moving average is $76.29. The firm has a market cap of $638.09 million, a P/E ratio of 16.61 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $68.12 and a 1-year high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were paid a $0.4353 dividend. The ex-dividend date was Tuesday, March 18th.

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.