iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Significant Decline 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 March. As of March 13th, there was short interest totaling 3,711,463 shares, a drop of 32.0% from the February 26th total of 5,455,355 shares. Based on an average trading volume of 25,049,258 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG stock traded down $0.54 during trading hours on Monday, reaching $67.32. 16,070,255 shares of the company traded hands, compared to its average volume of 19,828,049. iShares Core MSCI Emerging Markets ETF has a 12-month low of $47.29 and a 12-month high of $77.68. The company has a market cap of $128.65 billion, a P/E ratio of 14.65 and a beta of 0.65. The firm has a 50-day moving average price of $72.70 and a 200 day moving average price of $69.20.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several institutional investors have recently bought and sold shares of IEMG. Nalls Sherbakoff Group LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF during the 4th quarter worth $40,000. Union Savings Bank bought a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter valued at about $57,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $75,000. Bayban purchased a new stake in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $330,000. Finally, Sankala Group LLC bought a new position in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth about $2,254,000.

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.