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

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 317,649 shares, an increase of 443.4% from the April 30th total of 58,453 shares. Based on an average daily volume of 134,654 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the shares of the company are short sold.

iShares Emerging Markets Equity Factor ETF Price Performance

Shares of BATS EMGF opened at $73.45 on Thursday. The stock has a fifty day moving average price of $66.21 and a 200 day moving average price of $62.54. iShares Emerging Markets Equity Factor ETF has a 1-year low of $49.11 and a 1-year high of $74.21. The company has a market cap of $1.29 billion, a PE ratio of 13.32 and a beta of 0.59.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 38.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after purchasing an additional 445 shares during the period. Worth Asset Management LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF during the first quarter worth $506,000. Captrust Financial Advisors lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock worth $1,084,000 after purchasing an additional 398 shares during the period. First Citizens Financial Corp lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 8.4% during the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,486 shares during the period. Finally, Hirtle Callaghan & Co LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 1.7% during the fourth 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.

iShares Emerging Markets Equity Factor ETF Company Profile

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.