Short Interest in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Decreases By 45.3%

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,911,948 shares, a decline of 45.3% from the June 30th total of 3,493,541 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,862,637 shares, the days-to-cover ratio is currently 1.0 days.

iShares Core MSCI International Developed Markets ETF Price Performance

IDEV traded down $0.66 during mid-day trading on Friday, hitting $90.49. The stock had a trading volume of 3,598,890 shares, compared to its average volume of 1,991,659. The stock’s fifty day simple moving average is $89.38 and its 200-day simple moving average is $87.79. The firm has a market capitalization of $31.65 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. iShares Core MSCI International Developed Markets ETF has a 1-year low of $74.21 and a 1-year high of $91.21.

Institutional Trading of iShares Core MSCI International Developed Markets ETF

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in iShares Core MSCI International Developed Markets ETF during the first quarter worth about $1,025,000. Ameriprise Financial Inc. raised its position in shares of iShares Core MSCI International Developed Markets ETF by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock worth $521,039,000 after purchasing an additional 1,716,886 shares during the period. BNP Paribas Financial Markets bought a new position in shares of iShares Core MSCI International Developed Markets ETF during the 2nd quarter valued at about $3,566,000. Russell Investments Group Ltd. bought a new position in shares of iShares Core MSCI International Developed Markets ETF during the 3rd quarter valued at about $142,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of iShares Core MSCI International Developed Markets ETF by 11,466.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $28,000 after purchasing an additional 344 shares during the period.

About iShares Core MSCI International Developed Markets ETF

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.