iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,258,273 shares, a decline of 56.8% from the September 30th total of 5,227,149 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 9,330,812 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of iShares Core MSCI Emerging Markets ETF
Several institutional investors have recently added to or reduced their stakes in the company. Boston Trust Walden Corp boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 7.7% during the third quarter. Boston Trust Walden Corp now owns 105,289 shares of the company’s stock valued at $8,545,000 after purchasing an additional 7,484 shares during the period. Team Financial Group LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the third quarter worth about $86,000. City of London Investment Management Co. Ltd. increased its stake in iShares Core MSCI Emerging Markets ETF by 76.8% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 61,908 shares of the company’s stock worth $5,024,000 after buying an additional 26,900 shares during the period. CrossGen Wealth LLC increased its stake in iShares Core MSCI Emerging Markets ETF by 26.0% in the 3rd quarter. CrossGen Wealth LLC now owns 5,687 shares of the company’s stock worth $462,000 after buying an additional 1,172 shares during the period. Finally, CKW Financial Group increased its stake in iShares Core MSCI Emerging Markets ETF by 0.9% in the 3rd quarter. CKW Financial Group now owns 1,239,960 shares of the company’s stock worth $100,710,000 after buying an additional 11,436 shares during the period.
iShares Core MSCI Emerging Markets ETF Trading Down 2.8%
IEMG traded down $2.11 on Friday, hitting $74.25. 23,063,183 shares of the company’s stock traded hands, compared to its average volume of 14,298,591. The company’s 50 day simple moving average is $80.52 and its 200-day simple moving average is $77.89. The firm has a market cap of $146.03 billion, a price-to-earnings ratio of 14.65 and a beta of 0.74. iShares Core MSCI Emerging Markets ETF has a one year low of $64.67 and a one year high of $86.49.
iShares Core MSCI Emerging Markets ETF Company Profile
The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.
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