Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Increases By 28.7%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 68,200 shares, a growth of 28.7% from the December 15th total of 53,000 shares. Based on an average daily trading volume, of 34,800 shares, the days-to-cover ratio is presently 2.0 days.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $64.85 on Friday. iShares Morningstar Mid-Cap Value ETF has a one year low of $55.69 and a one year high of $71.16. The firm has a fifty day moving average of $63.70 and a two-hundred day moving average of $62.18.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Wednesday, December 14th were given a dividend of $0.444 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $1.78 dividend on an annualized basis and a yield of 2.74%. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

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

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its holdings in iShares Morningstar Mid-Cap Value ETF by 4.5% in the first quarter. HighTower Advisors LLC now owns 4,052 shares of the company’s stock valued at $279,000 after buying an additional 176 shares during the period. Burt Wealth Advisors boosted its position in iShares Morningstar Mid-Cap Value ETF by 2.2% in the 3rd quarter. Burt Wealth Advisors now owns 11,499 shares of the company’s stock valued at $643,000 after buying an additional 253 shares during the last quarter. Raymond James & Associates lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.4% during the third quarter. Raymond James & Associates now owns 72,099 shares of the company’s stock worth $4,033,000 after purchasing an additional 257 shares during the last quarter. UBS Group AG lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.3% during the first quarter. UBS Group AG now owns 85,659 shares of the company’s stock worth $5,901,000 after purchasing an additional 289 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 1.9% during the third quarter. Janney Montgomery Scott LLC now owns 15,805 shares of the company’s stock worth $884,000 after purchasing an additional 300 shares during the last quarter.

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