iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 108,943 shares, a decrease of 42.0% from the March 15th total of 187,953 shares. Based on an average daily volume of 91,474 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of IPAC. Trust Co. of Vermont acquired a new position in shares of iShares Core MSCI Pacific ETF during the 3rd quarter worth about $36,000. Coston McIsaac & Partners purchased a new stake in iShares Core MSCI Pacific ETF during the 4th quarter valued at about $37,000. Activest Wealth Management purchased a new stake in iShares Core MSCI Pacific ETF during the 4th quarter valued at about $44,000. MassMutual Private Wealth & Trust FSB purchased a new stake in iShares Core MSCI Pacific ETF during the 3rd quarter valued at about $57,000. Finally, AE Wealth Management LLC grew its stake in iShares Core MSCI Pacific ETF by 45.1% during the 3rd quarter. AE Wealth Management LLC now owns 827 shares of the company’s stock valued at $61,000 after acquiring an additional 257 shares in the last quarter.
iShares Core MSCI Pacific ETF Stock Performance
Shares of IPAC traded down $0.09 during mid-day trading on Wednesday, hitting $81.06. 68,525 shares of the company were exchanged, compared to its average volume of 111,492. iShares Core MSCI Pacific ETF has a 1-year low of $60.72 and a 1-year high of $83.98. The company has a 50 day moving average of $79.34 and a 200-day moving average of $76.34. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.
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.
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