iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,049 shares, a decrease of 41.9% from the August 15th total of 13,845 shares. Based on an average daily trading volume, of 18,903 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.
iShares Morningstar Mid-Cap Value ETF Stock Performance
Shares of NASDAQ IMCV traded up $0.78 during trading hours on Thursday, reaching $95.08. 34,114 shares of the stock were exchanged, compared to its average volume of 26,323. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The stock’s fifty day simple moving average is $96.25 and its 200 day simple moving average is $91.12. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $77.65 and a 52 week high of $99.01.
iShares Morningstar Mid-Cap Value ETF Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 15th will be given a dividend of $0.5179 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.07 annualized dividend and a dividend yield of 2.2%. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.
Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF
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.
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