Short Interest in iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Drops By 58.5%

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 423,940 shares, a drop of 58.5% from the July 15th total of 1,020,376 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,020,885 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares ESG Aware MSCI EM ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESGE. JPMorgan Chase & Co. lifted its holdings in iShares ESG Aware MSCI EM ETF by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,397,214 shares of the company’s stock valued at $105,885,000 after purchasing an additional 32,903 shares in the last quarter. Acorns Advisers LLC lifted its stake in shares of iShares ESG Aware MSCI EM ETF by 1.4% during the 4th quarter. Acorns Advisers LLC now owns 1,248,070 shares of the company’s stock valued at $55,127,000 after buying an additional 16,959 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in iShares ESG Aware MSCI EM ETF in the 1st quarter worth $12,881,000. DRW Securities LLC purchased a new stake in iShares ESG Aware MSCI EM ETF in the 4th quarter worth $8,495,000. Finally, Bank of New York Mellon Corp raised its holdings in iShares ESG Aware MSCI EM ETF by 60.4% during the first quarter. Bank of New York Mellon Corp now owns 144,636 shares of the company’s stock valued at $6,577,000 after acquiring an additional 54,488 shares during the period.

iShares ESG Aware MSCI EM ETF Stock Performance

Shares of ESGE stock traded down $0.12 during mid-day trading on Friday, reaching $53.55. 219,148 shares of the company’s stock traded hands, compared to its average volume of 1,139,743. iShares ESG Aware MSCI EM ETF has a 12 month low of $40.07 and a 12 month high of $57.11. The firm has a 50 day moving average price of $52.98 and a two-hundred day moving average price of $50.70. The firm has a market capitalization of $6.84 billion, a PE ratio of 14.52 and a beta of 0.76.

iShares ESG Aware MSCI EM ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.4023 per share. The ex-dividend date was Monday, June 15th.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.