Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Drops By 55.7%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,200,156 shares, a drop of 55.7% from the April 30th total of 4,961,650 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 10,820,219 shares, the days-to-cover ratio is presently 0.2 days.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of iShares Core MSCI Emerging Markets ETF stock traded down $0.09 during midday trading on Friday, reaching $83.47. 25,671,817 shares of the company’s stock traded hands, compared to its average volume of 16,996,398. The company has a market cap of $162.02 billion, a PE ratio of 14.65 and a beta of 0.71. The stock has a 50 day moving average of $76.45 and a 200-day moving average of $72.44. iShares Core MSCI Emerging Markets ETF has a 12 month low of $56.38 and a 12 month high of $84.10.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vista Capital Partners Inc. increased its position in shares of iShares Core MSCI Emerging Markets ETF by 42.9% during the second quarter. Vista Capital Partners Inc. now owns 7,176 shares of the company’s stock valued at $431,000 after buying an additional 2,153 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares Core MSCI Emerging Markets ETF by 31.2% in the second quarter. Ameriprise Financial Inc. now owns 3,450,870 shares of the company’s stock worth $207,354,000 after buying an additional 819,923 shares during the period. Monograph Wealth Advisors LLC bought a new stake in iShares Core MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $210,000. Redwood Investment Management LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 246.4% during the 2nd quarter. Redwood Investment Management LLC now owns 36,597 shares of the company’s stock valued at $2,197,000 after acquiring an additional 26,032 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 7.8% during the 2nd quarter. Captrust Financial Advisors now owns 8,141,336 shares of the company’s stock worth $488,723,000 after acquiring an additional 587,966 shares during the period.

About iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.