iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Update

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 23,302 shares, a drop of 89.6% from the December 31st total of 223,890 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 194,740 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 194,740 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

iShares Core MSCI Pacific ETF Stock Up 1.0%

Shares of NYSEARCA IPAC traded up $0.75 during midday trading on Thursday, reaching $78.47. 55,551 shares of the stock were exchanged, compared to its average volume of 135,929. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72. The firm has a 50-day simple moving average of $74.91 and a two-hundred day simple moving average of $73.40. iShares Core MSCI Pacific ETF has a twelve month low of $54.90 and a twelve month high of $78.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IPAC. Trust Co. of Vermont purchased a new stake in shares of iShares Core MSCI Pacific ETF in the third quarter valued at approximately $36,000. AE Wealth Management LLC grew its holdings in iShares Core MSCI Pacific ETF by 216.7% in the 2nd quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 390 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of iShares Core MSCI Pacific ETF in the 3rd quarter worth $57,000. CIBC Private Wealth Group LLC increased its stake in shares of iShares Core MSCI Pacific ETF by 34.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after acquiring an additional 337 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Core MSCI Pacific ETF by 34.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after acquiring an additional 527 shares during the period.

About iShares Core MSCI Pacific ETF

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.