iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Sees Large Drop in Short Interest

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 364 shares, a decrease of 62.0% from the April 30th total of 958 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 668 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LDEM. Daiwa Securities Group Inc. boosted its position in shares of iShares ESG MSCI EM Leaders ETF by 5.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,430 shares of the company’s stock worth $940,000 after acquiring an additional 860 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares ESG MSCI EM Leaders ETF during the 3rd quarter worth about $212,000. CI Investments Inc. boosted its position in shares of iShares ESG MSCI EM Leaders ETF by 13.5% during the 3rd quarter. CI Investments Inc. now owns 10,540 shares of the company’s stock worth $621,000 after acquiring an additional 1,250 shares in the last quarter. Integrity Advisory Solutions LLC acquired a new position in shares of iShares ESG MSCI EM Leaders ETF during the 3rd quarter worth about $387,000. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of iShares ESG MSCI EM Leaders ETF by 2.6% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,992 shares of the company’s stock worth $1,336,000 after acquiring an additional 577 shares in the last quarter.

iShares ESG MSCI EM Leaders ETF Stock Performance

NASDAQ:LDEM opened at $61.99 on Friday. The stock has a 50-day simple moving average of $60.68 and a 200-day simple moving average of $60.43. The stock has a market cap of $34.09 million, a P/E ratio of 14.34 and a beta of 0.66. iShares ESG MSCI EM Leaders ETF has a 1 year low of $50.60 and a 1 year high of $64.73.

About iShares ESG MSCI EM Leaders ETF

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.