Short Interest in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Drops By 28.3%

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,006,665 shares, a decline of 28.3% from the February 26th total of 4,194,059 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 2,544,939 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of iShares Core MSCI International Developed Markets ETF

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in iShares Core MSCI International Developed Markets ETF by 2.9% during the fourth quarter. Advisory Services Network LLC now owns 26,094 shares of the company’s stock valued at $2,152,000 after purchasing an additional 734 shares during the period. Captrust Financial Advisors lifted its position in iShares Core MSCI International Developed Markets ETF by 3.5% in the fourth quarter. Captrust Financial Advisors now owns 666,453 shares of the company’s stock worth $54,969,000 after buying an additional 22,450 shares during the last quarter. Okabena Investment Services Inc. purchased a new position in iShares Core MSCI International Developed Markets ETF during the fourth quarter worth $912,000. C M Bidwell & Associates Ltd. increased its position in iShares Core MSCI International Developed Markets ETF by 1.0% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 14,680 shares of the company’s stock valued at $1,211,000 after acquiring an additional 140 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of iShares Core MSCI International Developed Markets ETF by 24.4% in the fourth quarter. Arkadios Wealth Advisors now owns 11,568 shares of the company’s stock valued at $954,000 after acquiring an additional 2,272 shares during the period.

iShares Core MSCI International Developed Markets ETF Stock Performance

Shares of IDEV traded up $0.15 during midday trading on Monday, hitting $81.01. 1,554,252 shares of the company traded hands, compared to its average volume of 2,812,963. The firm has a 50 day moving average of $86.46 and a 200-day moving average of $83.28. iShares Core MSCI International Developed Markets ETF has a 52 week low of $61.11 and a 52 week high of $91.03. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 16.62 and a beta of 0.85.

iShares Core MSCI International Developed Markets ETF Company Profile

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.