iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Down 41.8% in February

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 273,380 shares, a decrease of 41.8% from the February 12th total of 469,399 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 133,900 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 133,900 shares, the short-interest ratio is currently 2.0 days. Approximately 0.9% of the company’s shares are sold short.

iShares Core MSCI Pacific ETF Stock Performance

Shares of IPAC traded down $0.87 during trading hours on Friday, hitting $75.84. The stock had a trading volume of 73,518 shares, compared to its average volume of 121,984. iShares Core MSCI Pacific ETF has a 12-month low of $54.90 and a 12-month high of $83.98. The firm has a market cap of $2.28 billion, a P/E ratio of 15.73 and a beta of 0.72. The company’s fifty day simple moving average is $78.98 and its 200 day simple moving average is $75.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of large investors have recently modified their holdings of the company. World Investment Advisors acquired a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter valued at about $256,000. Jacobs Equity LLC purchased a new position in iShares Core MSCI Pacific ETF in the fourth quarter valued at approximately $1,237,000. Mercer Global Advisors Inc. ADV raised its holdings in iShares Core MSCI Pacific ETF by 1.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,521 shares of the company’s stock valued at $551,000 after buying an additional 138 shares during the period. Amundi lifted its position in iShares Core MSCI Pacific ETF by 20.8% during the fourth quarter. Amundi now owns 106,136 shares of the company’s stock valued at $7,770,000 after buying an additional 18,249 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in iShares Core MSCI Pacific ETF by 20.3% during the fourth quarter. MML Investors Services LLC now owns 8,985 shares of the company’s stock valued at $658,000 after buying an additional 1,517 shares in the last quarter.

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.