Short Interest in iShares ESG Advanced MSCI EM ETF (NASDAQ:EMXF) Declines By 28.6%

iShares ESG Advanced MSCI EM ETF (NASDAQ:EMXF) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 16,700 shares, a drop of 28.6% from the March 15th total of 23,400 shares. Based on an average daily volume of 8,200 shares, the short-interest ratio is currently 2.0 days. Approximately 0.7% of the company’s stock are short sold.

iShares ESG Advanced MSCI EM ETF Stock Performance

Shares of EMXF stock traded up $0.20 on Friday, hitting $37.10. The stock had a trading volume of 2,940 shares, compared to its average volume of 6,544. The stock’s 50 day moving average is $38.03 and its 200-day moving average is $38.50. The firm has a market capitalization of $85.33 million, a price-to-earnings ratio of 12.31 and a beta of 0.63. iShares ESG Advanced MSCI EM ETF has a 52-week low of $34.03 and a 52-week high of $41.55.

Hedge Funds Weigh In On iShares ESG Advanced MSCI EM ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMXF. Parkworth Wealth Management Inc. acquired a new position in shares of iShares ESG Advanced MSCI EM ETF in the fourth quarter worth about $185,000. Hart & Patterson Financial Group LLC increased its holdings in iShares ESG Advanced MSCI EM ETF by 5.3% during the 4th quarter. Hart & Patterson Financial Group LLC now owns 6,766 shares of the company’s stock worth $252,000 after purchasing an additional 342 shares during the last quarter. Main Street Financial Solutions LLC raised its position in shares of iShares ESG Advanced MSCI EM ETF by 14.5% in the 4th quarter. Main Street Financial Solutions LLC now owns 7,347 shares of the company’s stock valued at $274,000 after purchasing an additional 933 shares in the last quarter. Financial Insights Inc. purchased a new position in shares of iShares ESG Advanced MSCI EM ETF during the 4th quarter valued at approximately $275,000. Finally, Stratos Wealth Partners LTD. grew its position in shares of iShares ESG Advanced MSCI EM ETF by 49.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 7,783 shares of the company’s stock worth $290,000 after buying an additional 2,591 shares in the last quarter.

iShares ESG Advanced MSCI EM ETF Company Profile

The iShares ESG Advanced MSCI EM ETF (EMXF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap equities in emerging markets, screened for positive ESG rating while also screening for involvement in controversial activities.