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

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,505,395 shares, a growth of 100.3% from the January 29th total of 1,250,583 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,979,325 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 1,979,325 shares, the short-interest ratio is currently 1.3 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Trading of iShares Core MSCI International Developed Markets ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in iShares Core MSCI International Developed Markets ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,361,205 shares of the company’s stock valued at $587,663,000 after buying an additional 508,997 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Core MSCI International Developed Markets ETF by 16.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,432,860 shares of the company’s stock valued at $365,623,000 after acquiring an additional 625,042 shares during the period. Bessemer Group Inc. grew its position in shares of iShares Core MSCI International Developed Markets ETF by 5.8% in the fourth quarter. Bessemer Group Inc. now owns 2,191,877 shares of the company’s stock valued at $180,785,000 after purchasing an additional 120,712 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 55.4% in the second quarter. Bank of New York Mellon Corp now owns 1,966,793 shares of the company’s stock worth $149,555,000 after purchasing an additional 700,939 shares during the period. Finally, First Command Advisory Services Inc. increased its stake in shares of iShares Core MSCI International Developed Markets ETF by 21.4% in the fourth quarter. First Command Advisory Services Inc. now owns 1,630,797 shares of the company’s stock worth $134,508,000 after purchasing an additional 287,340 shares during the period.

iShares Core MSCI International Developed Markets ETF Stock Performance

Shares of IDEV traded down $0.11 during trading hours on Friday, hitting $90.62. 2,189,824 shares of the company were exchanged, compared to its average volume of 3,036,367. The company has a market cap of $28.35 billion, a PE ratio of 16.62 and a beta of 0.85. The firm’s 50 day moving average is $86.22 and its 200-day moving average is $82.32. iShares Core MSCI International Developed Markets ETF has a 52 week low of $61.11 and a 52 week high of $91.03.

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.