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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 7,219 shares, a drop of 97.9% from the August 31st total of 347,898 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 103,838 shares, the short-interest ratio is currently 0.1 days.

iShares Core MSCI Pacific ETF Trading Up 1.5%

IPAC traded up $1.29 on Friday, hitting $85.68. 54,895 shares of the company’s stock were exchanged, compared to its average volume of 118,318. iShares Core MSCI Pacific ETF has a fifty-two week low of $71.46 and a fifty-two week high of $87.31. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. The firm has a 50-day moving average price of $84.84 and a 200-day moving average price of $82.05.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently modified their holdings of IPAC. Atlas Capital Advisors Inc. acquired a new stake in iShares Core MSCI Pacific ETF in the 4th quarter valued at about $1,696,000. Bank OZK purchased a new position in iShares Core MSCI Pacific ETF in the 2nd quarter worth approximately $612,000. Rockefeller Capital Management L.P. boosted its holdings in shares of iShares Core MSCI Pacific ETF by 460.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,200 shares of the company’s stock worth $3,236,000 after purchasing an additional 36,315 shares during the last quarter. Blue Edge Capital LLC boosted its holdings in shares of iShares Core MSCI Pacific ETF by 13.9% during the 1st quarter. Blue Edge Capital LLC now owns 147,650 shares of the company’s stock worth $11,297,000 after purchasing an additional 18,026 shares during the last quarter. Finally, Mandatum Life Insurance Co Ltd grew its position in shares of iShares Core MSCI Pacific ETF by 15.1% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 211,923 shares of the company’s stock valued at $15,515,000 after purchasing an additional 27,856 shares in the last quarter.

iShares Core MSCI Pacific ETF Company Profile

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.