iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Short Interest Rises 147.3%

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 2,913 shares, an increase of 147.3% from the October 15th total of 1,178 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 3,290 shares, the days-to-cover ratio is currently 0.9 days.

iShares ESG MSCI EM Leaders ETF Stock Performance

LDEM stock traded down $0.53 on Friday, reaching $56.33. The company’s stock had a trading volume of 748 shares, compared to its average volume of 1,978. The business has a fifty day simple moving average of $59.55 and a two-hundred day simple moving average of $60.49. The firm has a market cap of $30.98 million, a PE ratio of 11.86 and a beta of 0.68. iShares ESG MSCI EM Leaders ETF has a 12-month low of $55.84 and a 12-month high of $64.73.

Institutional Investors Weigh In On iShares ESG MSCI EM Leaders ETF

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF during the 2nd quarter valued at about $50,000. Mather Group LLC. purchased a new position in shares of iShares ESG MSCI EM Leaders ETF during the third quarter valued at about $56,000. Farther Finance Advisors LLC raised its stake in iShares ESG MSCI EM Leaders ETF by 34.5% in the third quarter. Farther Finance Advisors LLC now owns 4,263 shares of the company’s stock worth $258,000 after buying an additional 1,094 shares in the last quarter. Integrity Advisory Solutions LLC raised its stake in iShares ESG MSCI EM Leaders ETF by 4.5% in the third quarter. Integrity Advisory Solutions LLC now owns 8,405 shares of the company’s stock worth $508,000 after buying an additional 365 shares in the last quarter. Finally, Beta Wealth Group Inc. bought a new position in iShares ESG MSCI EM Leaders ETF in the third quarter worth about $530,000.

iShares ESG MSCI EM Leaders ETF Company Profile

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.