iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Decline in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 544,029 shares, a decline of 41.2% from the August 15th total of 924,602 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,968,988 shares, the short-interest ratio is presently 0.3 days.

iShares Core MSCI International Developed Markets ETF Trading Down 0.4%

NYSEARCA:IDEV traded down $0.32 during trading hours on Wednesday, hitting $90.52. The company’s stock had a trading volume of 2,104,282 shares, compared to its average volume of 1,944,111. iShares Core MSCI International Developed Markets ETF has a 52-week low of $78.10 and a 52-week high of $93.86. The stock has a market capitalization of $31.73 billion, a P/E ratio of 16.62 and a beta of 0.80. The stock has a fifty day moving average of $91.46 and a 200-day moving average of $88.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the fourth quarter valued at approximately $30,000. Creative Capital Management Investments LLC purchased a new stake in iShares Core MSCI International Developed Markets ETF in the 1st quarter valued at $32,000. Main Street Group LTD purchased a new stake in iShares Core MSCI International Developed Markets ETF in the 1st quarter valued at $37,000. Root Financial Partners LLC boosted its stake in iShares Core MSCI International Developed Markets ETF by 214.4% during the 1st quarter. Root Financial Partners LLC now owns 1,072 shares of the company’s stock worth $90,000 after purchasing an additional 731 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF during the 4th quarter worth $122,000.

About iShares Core MSCI International Developed Markets ETF

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.