iShares Emerging Markets Equity Factor ETF (BATS:EMGF – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 179,627 shares, an increase of 97.3% from the September 30th total of 91,051 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 135,715 shares, the short-interest ratio is currently 1.3 days.
iShares Emerging Markets Equity Factor ETF Stock Performance
BATS EMGF opened at $65.73 on Monday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.32 and a beta of 0.59. iShares Emerging Markets Equity Factor ETF has a one year low of $55.58 and a one year high of $76.58. The company’s 50 day moving average price is $70.86 and its 200 day moving average price is $68.19.
Institutional Trading of iShares Emerging Markets Equity Factor ETF
Several large investors have recently added to or reduced their stakes in EMGF. Navellier & Associates Inc. bought a new stake in iShares Emerging Markets Equity Factor ETF during the second quarter worth approximately $1,666,000. Worth Asset Management LLC increased its position in iShares Emerging Markets Equity Factor ETF by 43.8% in the 3rd quarter. Worth Asset Management LLC now owns 12,983 shares of the company’s stock worth $929,000 after purchasing an additional 3,955 shares during the last quarter. First Citizens Financial Corp increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.7% during the 2nd quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after acquiring an additional 3,129 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF in the second quarter worth $203,000. Finally, Kingswood Wealth Advisors LLC increased its position in shares of iShares Emerging Markets Equity Factor ETF by 8.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 21,119 shares of the company’s stock valued at $1,511,000 after purchasing an additional 1,646 shares during the period.
iShares Emerging Markets Equity Factor ETF Company Profile
The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.
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