iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,258,273 shares, a decrease of 56.8% from the September 30th total of 5,227,149 shares. Based on an average daily trading volume, of 9,330,812 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEMG. City of London Investment Management Co. Ltd. grew its stake in shares of iShares Core MSCI Emerging Markets ETF by 76.8% during the third quarter. City of London Investment Management Co. Ltd. now owns 61,908 shares of the company’s stock worth $5,024,000 after purchasing an additional 26,900 shares in the last quarter. CrossGen Wealth LLC boosted its holdings in shares of iShares Core MSCI Emerging Markets ETF by 26.0% in the 3rd quarter. CrossGen Wealth LLC now owns 5,687 shares of the company’s stock worth $462,000 after acquiring an additional 1,172 shares in the last quarter. CKW Financial Group lifted its position in iShares Core MSCI Emerging Markets ETF by 0.9% during the third quarter. CKW Financial Group now owns 1,239,960 shares of the company’s stock worth $100,710,000 after purchasing an additional 11,436 shares during the period. Canopy Partners LLC increased its holdings in iShares Core MSCI Emerging Markets ETF by 1.1% in the third quarter. Canopy Partners LLC now owns 72,702 shares of the company’s stock worth $5,900,000 after purchasing an additional 813 shares in the last quarter. Finally, Finley Financial LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 0.7% in the 3rd quarter. Finley Financial LLC now owns 21,856 shares of the company’s stock valued at $1,775,000 after buying an additional 150 shares during the last quarter.
iShares Core MSCI Emerging Markets ETF Stock Performance
Shares of NYSEARCA IEMG traded down $2.11 during trading on Friday, reaching $74.25. The stock had a trading volume of 23,063,183 shares, compared to its average volume of 14,298,591. iShares Core MSCI Emerging Markets ETF has a one year low of $64.67 and a one year high of $86.49. The stock has a market cap of $146.03 billion, a PE ratio of 14.65 and a beta of 0.74. The firm’s 50 day moving average price is $80.52 and its two-hundred day moving average price is $77.89.
About iShares Core MSCI Emerging Markets ETF
The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.
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