iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 13,769 shares, a decline of 60.8% from the April 15th total of 35,110 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 309,363 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Trading of iShares Core MSCI Pacific ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in iShares Core MSCI Pacific ETF in the first quarter valued at approximately $29,000. Coston McIsaac & Partners purchased a new stake in iShares Core MSCI Pacific ETF in the fourth quarter valued at approximately $37,000. Activest Wealth Management purchased a new stake in iShares Core MSCI Pacific ETF in the fourth quarter valued at approximately $44,000. AE Wealth Management LLC raised its position in iShares Core MSCI Pacific ETF by 45.1% in the third quarter. AE Wealth Management LLC now owns 827 shares of the company’s stock valued at $61,000 after purchasing an additional 257 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in iShares Core MSCI Pacific ETF by 34.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock valued at $96,000 after purchasing an additional 337 shares during the period.
iShares Core MSCI Pacific ETF Price Performance
Shares of IPAC stock traded down $1.03 during trading on Friday, hitting $81.61. 78,671 shares of the stock traded hands, compared to its average volume of 133,407. The firm has a market capitalization of $2.53 billion, a P/E ratio of 15.73 and a beta of 0.70. The firm’s fifty day moving average price is $78.90 and its 200-day moving average price is $77.33. iShares Core MSCI Pacific ETF has a 52-week low of $65.51 and a 52-week high of $83.98.
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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