Short Interest in iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Drops By 28.3%

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,006,665 shares, a decrease of 28.3% from the February 26th total of 4,194,059 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 2,544,939 shares, the short-interest ratio is currently 1.2 days.

iShares Core MSCI International Developed Markets ETF Stock Performance

iShares Core MSCI International Developed Markets ETF stock traded down $0.72 during trading on Friday, reaching $80.86. The company had a trading volume of 1,248,813 shares, compared to its average volume of 2,834,297. iShares Core MSCI International Developed Markets ETF has a 12-month low of $61.11 and a 12-month high of $91.03. The stock’s 50 day moving average price is $86.55 and its two-hundred day moving average price is $83.24. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.62 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IDEV. Advisory Services Network LLC raised its stake in shares of iShares Core MSCI International Developed Markets ETF by 2.9% in the 4th quarter. Advisory Services Network LLC now owns 26,094 shares of the company’s stock valued at $2,152,000 after acquiring an additional 734 shares during the period. Captrust Financial Advisors raised its position in iShares Core MSCI International Developed Markets ETF by 3.5% in the fourth quarter. Captrust Financial Advisors now owns 666,453 shares of the company’s stock valued at $54,969,000 after purchasing an additional 22,450 shares during the period. Okabena Investment Services Inc. acquired a new position in shares of iShares Core MSCI International Developed Markets ETF during the fourth quarter worth about $912,000. C M Bidwell & Associates Ltd. lifted its stake in shares of iShares Core MSCI International Developed Markets ETF by 1.0% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 14,680 shares of the company’s stock worth $1,211,000 after purchasing an additional 140 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of iShares Core MSCI International Developed Markets ETF by 24.4% in the fourth quarter. Arkadios Wealth Advisors now owns 11,568 shares of the company’s stock worth $954,000 after buying an additional 2,272 shares during the period.

iShares Core MSCI International Developed Markets ETF Company Profile

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.