iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sees Significant Decline in Short Interest

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 58,453 shares, a decrease of 53.1% from the April 15th total of 124,701 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 90,491 shares, the days-to-cover ratio is currently 0.6 days.

iShares Emerging Markets Equity Factor ETF Stock Performance

EMGF stock opened at $69.83 on Friday. iShares Emerging Markets Equity Factor ETF has a 1 year low of $49.11 and a 1 year high of $73.26. The firm has a market cap of $1.23 billion, a P/E ratio of 13.32 and a beta of 0.59. The stock has a 50-day simple moving average of $64.68 and a 200-day simple moving average of $61.82.

Institutional Investors Weigh In On iShares Emerging Markets Equity Factor ETF

A number of large investors have recently modified their holdings of the stock. Kickstand Ventures LLC. grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 0.7% in the fourth quarter. Kickstand Ventures LLC. now owns 22,519 shares of the company’s stock valued at $1,303,000 after buying an additional 158 shares in the last quarter. Hirtle Callaghan & Co LLC grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 1.7% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock valued at $1,233,000 after buying an additional 350 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 2.2% in the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after buying an additional 398 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of iShares Emerging Markets Equity Factor ETF in the third quarter valued at about $43,000. Finally, First Citizens Financial Corp grew its stake in shares of iShares Emerging Markets Equity Factor ETF by 8.4% in the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after buying an additional 1,486 shares in the last quarter.

About iShares Emerging Markets Equity Factor ETF

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.