iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 7,219 shares, a decline of 97.9% from the August 31st total of 347,898 shares. Based on an average trading volume of 103,838 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On iShares Core MSCI Pacific ETF
Several hedge funds have recently added to or reduced their stakes in the business. Elm Partners Management LLC grew its position in iShares Core MSCI Pacific ETF by 3.4% during the 4th quarter. Elm Partners Management LLC now owns 489,530 shares of the company’s stock worth $35,839,000 after purchasing an additional 16,183 shares during the period. Bessemer Group Inc. lifted its holdings in shares of iShares Core MSCI Pacific ETF by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock valued at $32,794,000 after buying an additional 43,407 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares Core MSCI Pacific ETF by 1.1% in the first quarter. Cetera Investment Advisers now owns 403,499 shares of the company’s stock worth $30,872,000 after buying an additional 4,316 shares during the last quarter. Mandatum Life Insurance Co Ltd boosted its stake in shares of iShares Core MSCI Pacific ETF by 8.8% in the first quarter. Mandatum Life Insurance Co Ltd now owns 230,602 shares of the company’s stock worth $17,643,000 after buying an additional 18,679 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in iShares Core MSCI Pacific ETF by 3.6% during the first quarter. Bank of America Corp DE now owns 203,974 shares of the company’s stock worth $15,606,000 after acquiring an additional 7,126 shares during the period.
iShares Core MSCI Pacific ETF Stock Down 0.7%
Shares of NYSEARCA:IPAC traded down $0.61 during midday trading on Thursday, reaching $84.39. The company’s stock had a trading volume of 45,884 shares, compared to its average volume of 118,535. The firm has a market capitalization of $2.73 billion, a PE ratio of 15.73 and a beta of 0.71. iShares Core MSCI Pacific ETF has a twelve month low of $71.46 and a twelve month high of $87.31. The stock has a fifty day moving average of $84.74 and a 200 day moving average of $82.03.
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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