iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Stock Short Interest Declines 37.1%

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 818,047 shares, a drop of 37.1% from the September 15th total of 1,300,566 shares. Based on an average trading volume of 760,240 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are sold short.

iShares ESG Aware MSCI EM ETF Trading Down 1.8%

ESGE opened at $50.99 on Friday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 14.52 and a beta of 0.76. iShares ESG Aware MSCI EM ETF has a 12 month low of $42.47 and a 12 month high of $57.11. The stock has a fifty day moving average price of $54.07 and a 200-day moving average price of $52.74.

Hedge Funds Weigh In On iShares ESG Aware MSCI EM ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Union Savings Bank raised its holdings in iShares ESG Aware MSCI EM ETF by 9.8% in the third quarter. Union Savings Bank now owns 3,836 shares of the company’s stock worth $208,000 after purchasing an additional 343 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares ESG Aware MSCI EM ETF by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 75,793 shares of the company’s stock valued at $4,105,000 after buying an additional 7,494 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in shares of iShares ESG Aware MSCI EM ETF in the 3rd quarter worth approximately $1,437,000. American National Bank & Trust purchased a new position in shares of iShares ESG Aware MSCI EM ETF in the 3rd quarter worth approximately $60,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares ESG Aware MSCI EM ETF in the 3rd quarter worth approximately $15,185,000.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.