iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Growth in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,847,334 shares, a growth of 116.3% from the May 31st total of 854,089 shares. Based on an average daily volume of 1,270,254 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Core MSCI International Developed Markets ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC grew its position in iShares Core MSCI International Developed Markets ETF by 7.4% during the fourth quarter. Fortitude Family Office LLC now owns 252,319 shares of the company’s stock worth $20,811,000 after buying an additional 17,455 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in iShares Core MSCI International Developed Markets ETF by 121.7% in the 4th quarter. Farther Finance Advisors LLC now owns 12,469 shares of the company’s stock valued at $1,028,000 after acquiring an additional 6,845 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in iShares Core MSCI International Developed Markets ETF by 101.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 224,439 shares of the company’s stock valued at $18,512,000 after acquiring an additional 112,813 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of iShares Core MSCI International Developed Markets ETF by 8.5% during the 4th quarter. AdvisorNet Financial Inc now owns 244,863 shares of the company’s stock valued at $20,196,000 after acquiring an additional 19,127 shares during the period. Finally, Norris Perne & French LLP MI lifted its position in shares of iShares Core MSCI International Developed Markets ETF by 34.7% during the 4th quarter. Norris Perne & French LLP MI now owns 113,853 shares of the company’s stock valued at $9,391,000 after acquiring an additional 29,318 shares during the period.

iShares Core MSCI International Developed Markets ETF Stock Up 0.7%

NYSEARCA IDEV opened at $88.73 on Tuesday. The company has a market capitalization of $29.52 billion, a P/E ratio of 16.62 and a beta of 0.79. iShares Core MSCI International Developed Markets ETF has a 12-month low of $74.21 and a 12-month high of $91.03. The firm has a 50-day moving average price of $89.04 and a two-hundred day moving average price of $86.76.

About iShares Core MSCI International Developed Markets ETF

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.