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

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 5,455,355 shares, a drop of 19.2% from the February 12th total of 6,749,967 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 16,932,821 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 16,932,821 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IEMG. Cornerstone Financial Management LLC purchased a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in iShares Core MSCI Emerging Markets ETF in the 4th quarter worth about $28,000. Cloud Capital Management LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $32,000. Hilton Head Capital Partners LLC bought a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $35,000. Finally, Your Advocates Ltd. LLP purchased a new position in shares of iShares Core MSCI Emerging Markets ETF during the third quarter valued at approximately $36,000.

iShares Core MSCI Emerging Markets ETF Stock Performance

NYSEARCA IEMG opened at $69.73 on Friday. The company has a market cap of $133.25 billion, a P/E ratio of 14.65 and a beta of 0.65. The business’s 50 day moving average price is $72.85 and its 200-day moving average price is $68.62. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $47.29 and a fifty-two week high of $77.68.

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.