iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Significant Increase in Short Interest

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,295,088 shares, an increase of 310.8% from the June 15th total of 1,045,520 shares. Based on an average trading volume of 12,419,482 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of IEMG traded down $2.83 during mid-day trading on Monday, reaching $78.49. 11,985,031 shares of the company’s stock traded hands, compared to its average volume of 16,100,571. The stock’s 50-day moving average is $81.84 and its two-hundred day moving average is $75.79. iShares Core MSCI Emerging Markets ETF has a 12 month low of $59.67 and a 12 month high of $86.49. The stock has a market cap of $151.97 billion, a P/E ratio of 14.65 and a beta of 0.72.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several institutional investors have recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new position in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at $28,000. Archer Investment Corp raised its stake in shares of iShares Core MSCI Emerging Markets ETF by 148.1% in the first quarter. Archer Investment Corp now owns 459 shares of the company’s stock worth $32,000 after purchasing an additional 274 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $35,000. Finally, Provenance Wealth Advisors LLC boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 278.9% in the first quarter. Provenance Wealth Advisors LLC now owns 504 shares of the company’s stock worth $35,000 after buying an additional 371 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Company Profile

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.