iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 93,275 shares, an increase of 620.2% from the May 14th total of 12,952 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 179,446 shares, the days-to-cover ratio is currently 0.5 days.
iShares Core MSCI Pacific ETF Trading Down 1.4%
iShares Core MSCI Pacific ETF stock traded down $1.17 during mid-day trading on Wednesday, reaching $79.76. The company’s stock had a trading volume of 116,752 shares, compared to its average volume of 137,540. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70. The business has a 50 day moving average price of $80.79 and a 200-day moving average price of $78.26. iShares Core MSCI Pacific ETF has a twelve month low of $65.51 and a twelve month high of $83.98.
Institutional Investors Weigh In On iShares Core MSCI Pacific ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its stake in iShares Core MSCI Pacific ETF by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 3,788 shares of the company’s stock valued at $277,000 after buying an additional 134 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in iShares Core MSCI Pacific ETF by 1.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,521 shares of the company’s stock valued at $551,000 after buying an additional 138 shares during the last quarter. Element Wealth LLC lifted its stake in iShares Core MSCI Pacific ETF by 2.1% in the fourth quarter. Element Wealth LLC now owns 9,061 shares of the company’s stock valued at $663,000 after buying an additional 183 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in iShares Core MSCI Pacific ETF by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,907 shares of the company’s stock valued at $799,000 after buying an additional 202 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in iShares Core MSCI Pacific ETF by 5.5% in the first quarter. Private Advisor Group LLC now owns 4,716 shares of the company’s stock valued at $361,000 after buying an additional 247 shares during the last quarter.
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.
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