iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Significant Decrease in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 62,332 shares, a drop of 62.3% from the June 15th total of 165,441 shares. Based on an average daily volume of 65,593 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are sold short.

iShares Core MSCI Pacific ETF Price Performance

NYSEARCA:IPAC opened at $83.30 on Monday. iShares Core MSCI Pacific ETF has a one year low of $66.71 and a one year high of $84.63. The company has a market cap of $2.66 billion, a P/E ratio of 15.73 and a beta of 0.70. The firm’s fifty day moving average price is $82.23 and its two-hundred day moving average price is $79.61.

Institutional Trading of iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in iShares Core MSCI Pacific ETF by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock valued at $161,180,000 after buying an additional 184,954 shares during the last quarter. Bessemer Group Inc. lifted its position in iShares Core MSCI Pacific ETF by 72.3% during the fourth quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock worth $28,203,000 after acquiring an additional 161,676 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core MSCI Pacific ETF by 5,062.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock worth $7,173,000 after acquiring an additional 96,077 shares during the period. UBS Group AG boosted its holdings in shares of iShares Core MSCI Pacific ETF by 87.5% during the fourth quarter. UBS Group AG now owns 166,222 shares of the company’s stock worth $12,169,000 after acquiring an additional 77,547 shares during the period. Finally, IFP Advisors Inc bought a new stake in shares of iShares Core MSCI Pacific ETF during the third quarter worth approximately $5,339,000.

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.