iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Increase in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 223,890 shares, an increase of 75.3% from the December 15th total of 127,742 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 413,777 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 413,777 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s stock are short sold.

iShares Core MSCI Pacific ETF Stock Up 0.2%

NYSEARCA:IPAC traded up $0.16 during mid-day trading on Friday, reaching $76.74. 50,203 shares of the stock were exchanged, compared to its average volume of 181,555. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.73 and a beta of 0.72. iShares Core MSCI Pacific ETF has a 1 year low of $54.90 and a 1 year high of $76.80. The company has a 50 day simple moving average of $74.34 and a 200-day simple moving average of $72.87.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of iShares Core MSCI Pacific ETF by 61.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,823,056 shares of the company’s stock valued at $125,244,000 after purchasing an additional 692,573 shares during the last quarter. Osaic Holdings Inc. lifted its position in iShares Core MSCI Pacific ETF by 116.3% in the second quarter. Osaic Holdings Inc. now owns 196,038 shares of the company’s stock valued at $12,724,000 after purchasing an additional 105,396 shares during the period. Elm Partners Management LLC boosted its holdings in iShares Core MSCI Pacific ETF by 24.9% in the 2nd quarter. Elm Partners Management LLC now owns 476,862 shares of the company’s stock valued at $32,760,000 after purchasing an additional 95,041 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in iShares Core MSCI Pacific ETF in the 3rd quarter valued at approximately $5,861,000. Finally, IFP Advisors Inc acquired a new position in iShares Core MSCI Pacific ETF during the 3rd quarter worth approximately $5,339,000.

iShares Core MSCI Pacific ETF Company Profile

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.