iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sees Large Increase in Short Interest

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 249,785 shares, an increase of 1,435.1% from the July 30th total of 16,272 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 275,092 shares, the short-interest ratio is presently 0.9 days.

iShares Emerging Markets Equity Factor ETF Stock Performance

BATS:EMGF traded up $1.23 during mid-day trading on Tuesday, reaching $71.98. The stock had a trading volume of 171,056 shares, compared to its average volume of 161,029. The business has a 50 day simple moving average of $70.63 and a 200 day simple moving average of $67.93. iShares Emerging Markets Equity Factor ETF has a twelve month low of $53.04 and a twelve month high of $76.58. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in iShares Emerging Markets Equity Factor ETF by 38.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after acquiring an additional 445 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of iShares Emerging Markets Equity Factor ETF during the 1st quarter worth $506,000. Captrust Financial Advisors boosted its position in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the 4th quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after purchasing an additional 398 shares in the last quarter. Hirtle Callaghan & Co LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 1.7% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock worth $1,233,000 after purchasing an additional 350 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in shares of iShares Emerging Markets Equity Factor ETF during the 2nd quarter worth $1,666,000.

About iShares Emerging Markets Equity Factor ETF

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.