iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 273,380 shares, a decline of 41.8% from the February 12th total of 469,399 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.9% of the company’s stock are sold short.
iShares Core MSCI Pacific ETF Stock Performance
Shares of NYSEARCA IPAC traded down $0.87 during midday trading on Friday, reaching $75.84. 73,518 shares of the company’s stock were exchanged, compared to its average volume of 121,984. The stock has a market capitalization of $2.28 billion, a PE ratio of 15.73 and a beta of 0.72. iShares Core MSCI Pacific ETF has a 52-week low of $54.90 and a 52-week high of $83.98. The business’s fifty day moving average price is $78.98 and its two-hundred day moving average price is $75.68.
Hedge Funds Weigh In On iShares Core MSCI Pacific ETF
Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in iShares Core MSCI Pacific ETF during the third quarter worth $36,000. Coston McIsaac & Partners bought a new stake in iShares Core MSCI Pacific ETF during the fourth quarter valued at $37,000. AE Wealth Management LLC raised its holdings in shares of iShares Core MSCI Pacific ETF by 216.7% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock worth $39,000 after purchasing an additional 390 shares during the period. Activest Wealth Management bought a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter worth about $44,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of iShares Core MSCI Pacific ETF in the 3rd quarter worth about $57,000.
About iShares Core MSCI Pacific ETF
The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.
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