iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,300,566 shares, a growth of 208.6% from the August 31st total of 421,448 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 721,785 shares, the short-interest ratio is currently 1.8 days.
iShares ESG Aware MSCI EM ETF Trading Up 1.1%
Shares of NASDAQ ESGE traded up $0.60 during midday trading on Friday, hitting $55.13. The company’s stock had a trading volume of 1,194,567 shares, compared to its average volume of 1,062,198. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 14.52 and a beta of 0.76. The stock has a fifty day moving average price of $53.37 and a 200 day moving average price of $51.90. iShares ESG Aware MSCI EM ETF has a one year low of $42.08 and a one year high of $57.11.
Institutional Investors Weigh In On iShares ESG Aware MSCI EM ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Edge Capital LLC grew its position in shares of iShares ESG Aware MSCI EM ETF by 6.0% in the second quarter. Blue Edge Capital LLC now owns 55,892 shares of the company’s stock valued at $3,057,000 after purchasing an additional 3,184 shares in the last quarter. Cornerstone Financial Management LLC lifted its holdings in iShares ESG Aware MSCI EM ETF by 3.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 6,730 shares of the company’s stock worth $368,000 after purchasing an additional 207 shares in the last quarter. Tsfg LLC bought a new position in iShares ESG Aware MSCI EM ETF in the 2nd quarter worth about $120,000. First Bancorp Inc ME bought a new position in iShares ESG Aware MSCI EM ETF in the 2nd quarter worth about $25,000. Finally, Ryan Investment Management Inc. boosted its stake in iShares ESG Aware MSCI EM ETF by 11.5% in the 2nd quarter. Ryan Investment Management Inc. now owns 7,139 shares of the company’s stock worth $390,000 after purchasing an additional 736 shares during the period.
About iShares ESG Aware MSCI EM ETF
The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.
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