iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,854,611 shares, a growth of 96.0% from the May 14th total of 946,134 shares. Based on an average daily trading volume, of 2,589,804 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.8% of the shares of the company are short sold.
iShares MSCI Emerging Markets ex China ETF Price Performance
EMXC traded up $0.55 during trading on Friday, reaching $99.75. 2,779,735 shares of the company’s stock were exchanged, compared to its average volume of 3,457,676. iShares MSCI Emerging Markets ex China ETF has a 1 year low of $60.02 and a 1 year high of $104.18. The stock has a market capitalization of $24.41 billion, a P/E ratio of 15.28 and a beta of 0.88. The company’s fifty day simple moving average is $92.79 and its 200-day simple moving average is $83.01.
Hedge Funds Weigh In On iShares MSCI Emerging Markets ex China ETF
A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in iShares MSCI Emerging Markets ex China ETF by 6.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,336,582 shares of the company’s stock worth $169,823,000 after buying an additional 131,459 shares during the last quarter. Russell Investments Group Ltd. raised its position in iShares MSCI Emerging Markets ex China ETF by 5.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,431,332 shares of the company’s stock worth $96,629,000 after buying an additional 71,035 shares during the last quarter. Hughes Financial Services LLC raised its position in iShares MSCI Emerging Markets ex China ETF by 1.1% during the 3rd quarter. Hughes Financial Services LLC now owns 737,223 shares of the company’s stock worth $53,250,000 after buying an additional 7,748 shares during the last quarter. Farther Finance Advisors LLC raised its position in iShares MSCI Emerging Markets ex China ETF by 30.5% during the 4th quarter. Farther Finance Advisors LLC now owns 512,026 shares of the company’s stock worth $37,214,000 after buying an additional 119,737 shares during the last quarter. Finally, Myriad Asset Management Advisors LLC purchased a new position in iShares MSCI Emerging Markets ex China ETF during the 4th quarter worth approximately $34,763,000.
iShares MSCI Emerging Markets ex China ETF Company Profile
The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.
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