iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Stock Short Interest Falls 97.9%

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 7,219 shares, a drop of 97.9% from the August 31st total of 347,898 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 103,838 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Large investors have recently made changes to their positions in the stock. ES4 LLC purchased a new position in iShares Core MSCI Pacific ETF in the 4th quarter worth $3,742,000. Bessemer Group Inc. raised its stake in shares of iShares Core MSCI Pacific ETF by 11.3% in the first quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock worth $32,794,000 after purchasing an additional 43,407 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 460.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,200 shares of the company’s stock worth $3,236,000 after purchasing an additional 36,315 shares during the period. Mandatum Life Insurance Co Ltd lifted its holdings in shares of iShares Core MSCI Pacific ETF by 15.1% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 211,923 shares of the company’s stock worth $15,515,000 after purchasing an additional 27,856 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth about $1,696,000.

iShares Core MSCI Pacific ETF Price Performance

NYSEARCA:IPAC traded down $0.61 during trading hours on Thursday, hitting $84.39. 45,884 shares of the company were exchanged, compared to its average volume of 118,535. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. iShares Core MSCI Pacific ETF has a 52-week low of $71.46 and a 52-week high of $87.31. The company’s 50 day moving average price is $84.74 and its 200-day moving average price is $82.03.

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.