iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Drop in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 23,302 shares, a decline of 89.6% from the December 31st total of 223,890 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 194,740 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 194,740 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

iShares Core MSCI Pacific ETF Stock Down 0.7%

IPAC traded down $0.56 during trading on Wednesday, hitting $77.72. The company’s stock had a trading volume of 88,768 shares, compared to its average volume of 140,398. The business’s 50 day simple moving average is $74.77 and its 200-day simple moving average is $73.37. The firm has a market cap of $2.33 billion, a PE ratio of 15.73 and a beta of 0.72. iShares Core MSCI Pacific ETF has a one year low of $54.90 and a one year high of $78.34.

Institutional Trading of iShares Core MSCI Pacific ETF

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of iShares Core MSCI Pacific ETF by 61.3% in the second quarter. JPMorgan Chase & Co. now owns 1,823,056 shares of the company’s stock worth $125,244,000 after buying an additional 692,573 shares during the period. Osaic Holdings Inc. increased its holdings in iShares Core MSCI Pacific ETF by 116.3% in the 2nd quarter. Osaic Holdings Inc. now owns 196,038 shares of the company’s stock worth $12,724,000 after acquiring an additional 105,396 shares in the last quarter. Elm Partners Management LLC raised its stake in iShares Core MSCI Pacific ETF by 24.9% during the 2nd quarter. Elm Partners Management LLC now owns 476,862 shares of the company’s stock worth $32,760,000 after acquiring an additional 95,041 shares during the period. Kingsview Wealth Management LLC purchased a new position in iShares Core MSCI Pacific ETF during the third quarter valued at approximately $5,861,000. Finally, IFP Advisors Inc bought a new position in shares of iShares Core MSCI Pacific ETF in 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.