Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Increases By 99.4%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 22,579,833 shares, an increase of 99.4% from the November 30th total of 11,326,286 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 10,574,258 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 10,574,258 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the shares of the stock are sold short.

iShares Core MSCI Emerging Markets ETF Trading Down 0.6%

iShares Core MSCI Emerging Markets ETF stock traded down $0.39 during mid-day trading on Monday, reaching $67.01. The company had a trading volume of 4,547,720 shares, compared to its average volume of 10,921,086. The business has a fifty day simple moving average of $67.23 and a 200 day simple moving average of $64.13. The company has a market cap of $112.61 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $47.29 and a fifty-two week high of $69.46.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management bought a new position in iShares Core MSCI Emerging Markets ETF during the 3rd quarter worth approximately $75,000. Saranac Partners Ltd bought a new position in iShares Core MSCI Emerging Markets ETF during the third quarter worth $218,000. IFP Advisors Inc lifted its holdings in iShares Core MSCI Emerging Markets ETF by 17.8% in the third quarter. IFP Advisors Inc now owns 244,911 shares of the company’s stock valued at $16,145,000 after buying an additional 37,092 shares during the period. Strategic Advocates LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 3.0% during the third quarter. Strategic Advocates LLC now owns 307,901 shares of the company’s stock valued at $20,297,000 after acquiring an additional 8,871 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in iShares Core MSCI Emerging Markets ETF during the 3rd quarter worth about $81,000.

iShares Core MSCI Emerging Markets ETF Company Profile

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.