Short Interest in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Grows By 68.5%

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,217,095 shares, a growth of 68.5% from the November 30th total of 2,503,014 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 1,611,839 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 1,611,839 shares, the short-interest ratio is presently 2.6 days. Approximately 1.5% of the shares of the stock are sold short.

iShares Core MSCI International Developed Markets ETF Trading Down 0.3%

Shares of IDEV stock traded down $0.28 during mid-day trading on Monday, reaching $82.80. The stock had a trading volume of 1,039,971 shares, compared to its average volume of 1,513,192. The company has a market cap of $23.98 billion, a P/E ratio of 16.62 and a beta of 0.85. iShares Core MSCI International Developed Markets ETF has a 12-month low of $61.11 and a 12-month high of $83.68. The business has a 50-day simple moving average of $81.39 and a 200 day simple moving average of $79.05.

Hedge Funds Weigh In On iShares Core MSCI International Developed Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDEV. YANKCOM Partnership acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the third quarter valued at approximately $25,000. Brown Brothers Harriman & Co. raised its position in shares of iShares Core MSCI International Developed Markets ETF by 11,466.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $28,000 after purchasing an additional 344 shares during the last quarter. Root Financial Partners LLC purchased a new stake in iShares Core MSCI International Developed Markets ETF in the 3rd quarter valued at approximately $41,000. Archer Investment Corp grew its holdings in iShares Core MSCI International Developed Markets ETF by 134.8% during the 2nd quarter. Archer Investment Corp now owns 836 shares of the company’s stock valued at $64,000 after buying an additional 480 shares during the last quarter. Finally, Ameriflex Group Inc. grew its holdings in iShares Core MSCI International Developed Markets ETF by 2,216.3% during the 3rd quarter. Ameriflex Group Inc. now owns 996 shares of the company’s stock valued at $80,000 after buying an additional 953 shares during the last quarter.

iShares Core MSCI International Developed Markets ETF Company Profile

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.