iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sees Large Increase in Short Interest

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 317,649 shares, a growth of 443.4% from the April 30th total of 58,453 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 134,654 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 38.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $97,000 after acquiring an additional 445 shares during the period. Worth Asset Management LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF in the first quarter valued at approximately $506,000. Captrust Financial Advisors boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% in the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after acquiring an additional 398 shares during the period. First Citizens Financial Corp boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 8.4% in the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,486 shares during the period. Finally, Hirtle Callaghan & Co LLC boosted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 1.7% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock valued at $1,233,000 after acquiring an additional 350 shares during the period.

iShares Emerging Markets Equity Factor ETF Trading Down 0.4%

EMGF stock opened at $73.45 on Thursday. The company has a market capitalization of $1.29 billion, a P/E ratio of 13.32 and a beta of 0.59. iShares Emerging Markets Equity Factor ETF has a twelve month low of $49.11 and a twelve month high of $74.21. The business has a 50 day simple moving average of $66.21 and a 200-day simple moving average of $62.54.

iShares Emerging Markets Equity Factor ETF Company Profile

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.