iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 165,441 shares, an increase of 77.4% from the May 31st total of 93,275 shares. Based on an average trading volume of 117,605 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in shares of iShares Core MSCI Pacific ETF in the first quarter worth approximately $29,000. Coston McIsaac & Partners purchased a new stake in shares of iShares Core MSCI Pacific ETF during the fourth quarter valued at $37,000. Activest Wealth Management bought a new stake in shares of iShares Core MSCI Pacific ETF in the fourth quarter worth approximately $44,000. CIBC Private Wealth Group LLC grew its position in iShares Core MSCI Pacific ETF by 34.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after purchasing an additional 337 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new stake in iShares Core MSCI Pacific ETF during the fourth quarter valued at $120,000.
iShares Core MSCI Pacific ETF Trading Up 0.3%
Shares of NYSEARCA IPAC opened at $82.03 on Friday. The stock has a 50-day moving average price of $81.83 and a two-hundred day moving average price of $79.21. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70. iShares Core MSCI Pacific ETF has a 12 month low of $66.71 and a 12 month high of $84.63.
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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