iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 274,607 shares, an increase of 712.9% from the October 15th total of 33,783 shares. Based on an average trading volume of 125,524 shares, the short-interest ratio is presently 2.2 days. Approximately 0.8% of the shares of the stock are short sold.
iShares Core MSCI Pacific ETF Trading Down 0.5%
Shares of IPAC opened at $81.75 on Friday. iShares Core MSCI Pacific ETF has a 12-month low of $71.46 and a 12-month high of $87.31. The company has a market cap of $2.67 billion, a PE ratio of 16.46 and a beta of 0.76. The stock has a 50-day moving average price of $84.36 and a 200-day moving average price of $82.14.
Institutional Investors Weigh In On iShares Core MSCI Pacific ETF
Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new position in iShares Core MSCI Pacific ETF in the 3rd quarter worth approximately $1,130,000. Bogart Wealth LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter valued at $60,000. HighTower Advisors LLC purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter valued at $2,512,000. Bessemer Group Inc. purchased a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter valued at $28,801,000. Finally, Harbour Investments Inc. bought a new stake in shares of iShares Core MSCI Pacific ETF during the 3rd quarter worth $218,000.
iShares Core MSCI Pacific ETF Company Profile
The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.
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