iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Update

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 93,275 shares, an increase of 620.2% from the May 14th total of 12,952 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 179,446 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Edge Capital LLC boosted its holdings in iShares Core MSCI Pacific ETF by 13.9% in the first quarter. Blue Edge Capital LLC now owns 147,650 shares of the company’s stock worth $11,297,000 after purchasing an additional 18,026 shares during the period. Bank of America Corp DE boosted its holdings in iShares Core MSCI Pacific ETF by 3.6% in the first quarter. Bank of America Corp DE now owns 203,974 shares of the company’s stock worth $15,606,000 after purchasing an additional 7,126 shares during the period. Quantinno Capital Management LP boosted its holdings in iShares Core MSCI Pacific ETF by 12.6% in the first quarter. Quantinno Capital Management LP now owns 19,202 shares of the company’s stock worth $1,469,000 after purchasing an additional 2,143 shares during the period. Gateway Wealth Partners LLC acquired a new position in iShares Core MSCI Pacific ETF in the first quarter worth $463,000. Finally, Cetera Investment Advisers boosted its holdings in iShares Core MSCI Pacific ETF by 1.1% in the first quarter. Cetera Investment Advisers now owns 403,499 shares of the company’s stock worth $30,872,000 after purchasing an additional 4,316 shares during the period.

iShares Core MSCI Pacific ETF Stock Performance

Shares of iShares Core MSCI Pacific ETF stock traded down $1.17 during trading on Wednesday, reaching $79.76. The company had a trading volume of 116,752 shares, compared to its average volume of 137,540. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70. The firm’s fifty day moving average is $80.79 and its 200-day moving average is $78.26. iShares Core MSCI Pacific ETF has a fifty-two week low of $65.51 and a fifty-two week high of $83.98.

About iShares Core MSCI Pacific ETF

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.