Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Drops By 55.7%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,200,156 shares, a drop of 55.7% from the April 30th total of 4,961,650 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 10,820,219 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of iShares Core MSCI Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC lifted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 7.3% during the fourth quarter. Fortitude Family Office LLC now owns 133,389 shares of the company’s stock valued at $8,966,000 after purchasing an additional 9,117 shares during the last quarter. Ayalon Insurance Comp Ltd. grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 48.2% in the 4th quarter. Ayalon Insurance Comp Ltd. now owns 289,775 shares of the company’s stock worth $19,479,000 after buying an additional 94,255 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in iShares Core MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $1,121,000. Parkside Investments LLC increased its position in iShares Core MSCI Emerging Markets ETF by 6.7% during the 3rd quarter. Parkside Investments LLC now owns 651,187 shares of the company’s stock valued at $42,926,000 after buying an additional 40,607 shares in the last quarter. Finally, Syon Capital LLC raised its stake in iShares Core MSCI Emerging Markets ETF by 14.5% during the third quarter. Syon Capital LLC now owns 528,348 shares of the company’s stock valued at $34,829,000 after buying an additional 66,994 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

IEMG stock traded down $0.09 during midday trading on Friday, hitting $83.47. The stock had a trading volume of 25,671,817 shares, compared to its average volume of 16,996,398. The business has a 50-day moving average of $76.45 and a two-hundred day moving average of $72.44. The firm has a market cap of $162.02 billion, a price-to-earnings ratio of 14.65 and a beta of 0.71. iShares Core MSCI Emerging Markets ETF has a 52-week low of $56.38 and a 52-week high of $84.10.

iShares Core MSCI Emerging Markets ETF Company Profile

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.