Short Interest in iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Drops By 33.9%

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,604,196 shares, a decrease of 33.9% from the February 26th total of 2,427,938 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,276,272 shares, the days-to-cover ratio is presently 0.7 days.

iShares ESG Aware MSCI EM ETF Stock Performance

Shares of NASDAQ ESGE traded down $0.23 during mid-day trading on Friday, hitting $44.21. 1,610,142 shares of the stock were exchanged, compared to its average volume of 1,404,396. iShares ESG Aware MSCI EM ETF has a twelve month low of $30.57 and a twelve month high of $50.99. The stock’s fifty day simple moving average is $47.64 and its two-hundred day simple moving average is $45.38. The company has a market cap of $5.80 billion, a P/E ratio of 14.52 and a beta of 0.66.

Institutional Investors Weigh In On iShares ESG Aware MSCI EM ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nalls Sherbakoff Group LLC acquired a new position in iShares ESG Aware MSCI EM ETF in the fourth quarter worth $46,000. Union Savings Bank bought a new stake in shares of iShares ESG Aware MSCI EM ETF during the fourth quarter worth $162,000. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares ESG Aware MSCI EM ETF in the fourth quarter valued at $1,686,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of iShares ESG Aware MSCI EM ETF by 21.7% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,289 shares of the company’s stock valued at $57,000 after buying an additional 230 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares ESG Aware MSCI EM ETF by 4.1% in the fourth quarter. NewEdge Advisors LLC now owns 83,253 shares of the company’s stock valued at $3,677,000 after buying an additional 3,244 shares during the last quarter.

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.