iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Short Interest Up 69.4% in June

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 25,070 shares, an increase of 69.4% from the May 31st total of 14,799 shares. Based on an average daily volume of 29,395 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

iShares Morningstar Mid-Cap ETF Stock Down 0.2%

Shares of NYSEARCA IMCB traded down $0.17 during trading hours on Thursday, hitting $96.53. The company had a trading volume of 70,382 shares, compared to its average volume of 42,382. iShares Morningstar Mid-Cap ETF has a 1-year low of $78.89 and a 1-year high of $97.76. The firm’s 50 day moving average is $92.73 and its 200-day moving average is $88.03. The stock has a market capitalization of $1.63 billion, a P/E ratio of 63.93 and a beta of 0.98.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.8% in the 1st quarter. Royal Bank of Canada now owns 46,267 shares of the company’s stock valued at $3,428,000 after purchasing an additional 369 shares during the period. Creative Planning grew its holdings in iShares Morningstar Mid-Cap ETF by 13.9% during the second quarter. Creative Planning now owns 4,592 shares of the company’s stock worth $366,000 after purchasing an additional 562 shares during the period. JPMorgan Chase & Co. increased its position in iShares Morningstar Mid-Cap ETF by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 25,892 shares of the company’s stock worth $2,063,000 after buying an additional 993 shares during the last quarter. Bank of America Corp DE increased its position in iShares Morningstar Mid-Cap ETF by 3.3% during the second quarter. Bank of America Corp DE now owns 92,496 shares of the company’s stock worth $7,368,000 after buying an additional 2,983 shares during the last quarter. Finally, MML Investors Services LLC increased its position in iShares Morningstar Mid-Cap ETF by 1.1% during the second quarter. MML Investors Services LLC now owns 121,599 shares of the company’s stock worth $9,687,000 after buying an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

About iShares Morningstar Mid-Cap ETF

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.