iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Short Interest Update

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,007 shares, a growth of 176.6% from the May 14th total of 364 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,933 shares, the days-to-cover ratio is presently 0.5 days.

iShares ESG MSCI EM Leaders ETF Price Performance

Shares of LDEM traded up $0.14 on Friday, hitting $61.37. The company’s stock had a trading volume of 741 shares, compared to its average volume of 2,424. The company has a market capitalization of $33.75 million, a PE ratio of 14.34 and a beta of 0.65. iShares ESG MSCI EM Leaders ETF has a fifty-two week low of $51.66 and a fifty-two week high of $64.73. The company has a 50 day moving average price of $61.39 and a 200 day moving average price of $60.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LDEM. OLD Mission Capital LLC boosted its holdings in shares of iShares ESG MSCI EM Leaders ETF by 131.3% in the 4th quarter. OLD Mission Capital LLC now owns 60,501 shares of the company’s stock worth $3,516,000 after acquiring an additional 34,347 shares in the last quarter. Integrity Advisory Solutions LLC bought a new position in iShares ESG MSCI EM Leaders ETF in the 3rd quarter worth approximately $387,000. Pathfinder Wealth Consulting Inc. bought a new position in iShares ESG MSCI EM Leaders ETF in the 4th quarter worth approximately $276,000. Farther Finance Advisors LLC raised its position in iShares ESG MSCI EM Leaders ETF by 297.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in iShares ESG MSCI EM Leaders ETF by 13.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,550 shares of the company’s stock worth $904,000 after purchasing an additional 1,840 shares during the last quarter.

iShares ESG MSCI EM Leaders ETF Company Profile

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.