Short Interest in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Expands By 415.8%

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 321,530 shares, a growth of 415.8% from the June 30th total of 62,332 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 140,890 shares, the days-to-cover ratio is currently 2.3 days.

iShares Core MSCI Pacific ETF Trading Up 0.5%

IPAC stock traded up $0.39 during trading on Friday, hitting $81.54. The company had a trading volume of 50,657 shares, compared to its average volume of 126,850. The company has a fifty day moving average price of $82.21 and a two-hundred day moving average price of $80.15. iShares Core MSCI Pacific ETF has a fifty-two week low of $67.88 and a fifty-two week high of $84.63. The company has a market cap of $2.62 billion, a P/E ratio of 15.73 and a beta of 0.70.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in iShares Core MSCI Pacific ETF by 122.8% during the 1st quarter. Royal Bank of Canada now owns 50,433 shares of the company’s stock valued at $3,138,000 after purchasing an additional 27,794 shares during the last quarter. Jane Street Group LLC grew its stake in iShares Core MSCI Pacific ETF by 40.9% during the first quarter. Jane Street Group LLC now owns 46,748 shares of the company’s stock worth $2,910,000 after buying an additional 13,567 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core MSCI Pacific ETF by 34.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,056 shares of the company’s stock worth $141,000 after buying an additional 527 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of iShares Core MSCI Pacific ETF during the second quarter worth approximately $1,264,000. Finally, IHT Wealth Management LLC bought a new position in shares of iShares Core MSCI Pacific ETF in the second quarter valued at approximately $248,000.

iShares Core MSCI Pacific ETF Company Profile

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.