iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Up 415.8% in July

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 321,530 shares, an increase of 415.8% from the June 30th total of 62,332 shares. Based on an average daily trading volume, of 140,890 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.0% of the company’s shares are short sold.

iShares Core MSCI Pacific ETF Stock Performance

IPAC traded up $0.39 during mid-day trading on Friday, reaching $81.54. The stock had a trading volume of 50,657 shares, compared to its average volume of 126,850. The firm’s fifty day simple moving average is $82.21 and its two-hundred day simple moving average is $80.15. The stock has a market capitalization of $2.62 billion, a P/E ratio of 15.73 and a beta of 0.70. iShares Core MSCI Pacific ETF has a 52 week low of $67.88 and a 52 week high of $84.63.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in iShares Core MSCI Pacific ETF during the 1st quarter worth about $29,000. Coston McIsaac & Partners bought a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter valued at about $37,000. Activest Wealth Management bought a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter valued at about $44,000. CoreCap Advisors LLC grew its position in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the 2nd quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after buying an additional 612 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of iShares Core MSCI Pacific ETF by 34.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after buying an additional 337 shares during the period.

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.