iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Short Interest Update

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 4,295,088 shares, an increase of 310.8% from the June 15th total of 1,045,520 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 12,419,482 shares, the days-to-cover ratio is currently 0.3 days.

iShares Core MSCI Emerging Markets ETF Price Performance

NYSEARCA:IEMG traded up $1.07 during mid-day trading on Tuesday, reaching $79.56. The stock had a trading volume of 4,819,260 shares, compared to its average volume of 16,010,291. The company has a market capitalization of $154.04 billion, a price-to-earnings ratio of 14.65 and a beta of 0.72. iShares Core MSCI Emerging Markets ETF has a 1-year low of $59.67 and a 1-year high of $86.49. The stock’s 50 day simple moving average is $81.84 and its two-hundred day simple moving average is $75.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IEMG. Vista Capital Partners Inc. lifted its stake in iShares Core MSCI Emerging Markets ETF by 42.9% during the second quarter. Vista Capital Partners Inc. now owns 7,176 shares of the company’s stock worth $431,000 after purchasing an additional 2,153 shares during the last quarter. Ameriprise Financial Inc. increased its stake in iShares Core MSCI Emerging Markets ETF by 31.2% during the second quarter. Ameriprise Financial Inc. now owns 3,450,870 shares of the company’s stock valued at $207,354,000 after purchasing an additional 819,923 shares during the last quarter. Monograph Wealth Advisors LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF during the second quarter worth $210,000. Redwood Investment Management LLC lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 246.4% in the 2nd quarter. Redwood Investment Management LLC now owns 36,597 shares of the company’s stock worth $2,197,000 after buying an additional 26,032 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of iShares Core MSCI Emerging Markets ETF by 7.8% in the 2nd quarter. Captrust Financial Advisors now owns 8,141,336 shares of the company’s stock worth $488,723,000 after buying an additional 587,966 shares during the last quarter.

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.