Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Drops By 73.0%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 1,002,482 shares, a decline of 73.0% from the March 15th total of 3,711,463 shares. Based on an average trading volume of 18,725,922 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

iShares Core MSCI Emerging Markets ETF Stock Up 0.9%

Shares of iShares Core MSCI Emerging Markets ETF stock traded up $0.69 on Monday, hitting $74.94. 8,923,931 shares of the company traded hands, compared to its average volume of 19,010,428. The company has a 50-day moving average price of $72.51 and a 200 day moving average price of $69.63. iShares Core MSCI Emerging Markets ETF has a 12-month low of $51.33 and a 12-month high of $77.68. The company has a market cap of $145.46 billion, a PE ratio of 14.65 and a beta of 0.66.

Hedge Funds Weigh In On iShares Core MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. boosted its holdings in iShares Core MSCI Emerging Markets ETF by 3.0% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 4,655 shares of the company’s stock valued at $313,000 after acquiring an additional 135 shares during the period. Collier Financial boosted its holdings in iShares Core MSCI Emerging Markets ETF by 2.9% during the fourth quarter. Collier Financial now owns 5,254 shares of the company’s stock valued at $353,000 after acquiring an additional 148 shares during the period. Main Management LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 1.0% during the fourth quarter. Main Management LLC now owns 15,705 shares of the company’s stock valued at $1,056,000 after acquiring an additional 158 shares during the period. Cahill Financial Advisors Inc. boosted its holdings in iShares Core MSCI Emerging Markets ETF by 0.9% during the third quarter. Cahill Financial Advisors Inc. now owns 18,585 shares of the company’s stock valued at $1,225,000 after acquiring an additional 164 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its holdings in iShares Core MSCI Emerging Markets ETF by 1.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 17,957 shares of the company’s stock valued at $1,207,000 after acquiring an additional 170 shares during the period.

About iShares Core MSCI Emerging Markets ETF

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.