iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Large Drop in Short Interest

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,258,273 shares, a drop of 56.8% from the September 30th total of 5,227,149 shares. Based on an average daily volume of 9,330,812 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

iShares Core MSCI Emerging Markets ETF Price Performance

NYSEARCA:IEMG traded down $2.11 during mid-day trading on Friday, hitting $74.25. The company’s stock had a trading volume of 23,063,183 shares, compared to its average volume of 14,298,591. The business’s fifty day moving average is $80.52 and its two-hundred day moving average is $77.89. iShares Core MSCI Emerging Markets ETF has a 1 year low of $64.67 and a 1 year high of $86.49. The stock has a market cap of $146.03 billion, a price-to-earnings ratio of 14.65 and a beta of 0.74.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Monetary Solutions Ltd raised its holdings in iShares Core MSCI Emerging Markets ETF by 173.2% during the 3rd quarter. Monetary Solutions Ltd now owns 418 shares of the company’s stock worth $34,000 after buying an additional 265 shares during the period. Archer Investment Corp boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 148.1% in the 1st quarter. Archer Investment Corp now owns 459 shares of the company’s stock worth $32,000 after purchasing an additional 274 shares in the last quarter. Nvwm LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the third quarter valued at about $45,000. Bradley & Co. Private Wealth Management LLC purchased a new position in iShares Core MSCI Emerging Markets ETF in the 3rd quarter worth about $51,000. Finally, Silicon Valley Capital Partners purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF during the first quarter worth about $45,000.

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.