iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Growth in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,812,162 shares, an increase of 416.9% from the August 31st total of 544,029 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,996,478 shares, the days-to-cover ratio is currently 1.4 days.

iShares Core MSCI International Developed Markets ETF Stock Performance

Shares of iShares Core MSCI International Developed Markets ETF stock opened at $90.57 on Friday. The firm has a 50-day simple moving average of $91.68 and a two-hundred day simple moving average of $89.12. The company has a market cap of $32.48 billion, a P/E ratio of 16.62 and a beta of 0.80. iShares Core MSCI International Developed Markets ETF has a fifty-two week low of $78.10 and a fifty-two week high of $93.86.

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

A number of large investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new stake in iShares Core MSCI International Developed Markets ETF in the fourth quarter valued at approximately $30,000. Creative Capital Management Investments LLC acquired a new stake in iShares Core MSCI International Developed Markets ETF in the 1st quarter valued at $32,000. Main Street Group LTD purchased a new stake in iShares Core MSCI International Developed Markets ETF in the 1st quarter worth $37,000. Root Financial Partners LLC raised its position in iShares Core MSCI International Developed Markets ETF by 214.4% during the first quarter. Root Financial Partners LLC now owns 1,072 shares of the company’s stock worth $90,000 after acquiring an additional 731 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in iShares Core MSCI International Developed Markets ETF during the fourth quarter worth $122,000.

About iShares Core MSCI International Developed Markets ETF

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.